MGT498 Week 1 – Practice: Week 1 – Quiz
- Which of the following has contributed to Tesla’s competitive advantage in terms of stock appreciation?
- If a company chooses to keep its vision customer-oriented rather than product-oriented,
what will be the implication of that decision?
- Organizational core values are the answer to which of the following questions?
- Product-oriented vision statements provide managers with
- An organization’s _____ describes what the organization actually does—the products and services it plans to provide, and the markets in which it will compete.
- The greater the difference between value creation and cost, the
- Revved Rider Inc., a motorcycle company, is the market leader due to its superior engine technology and service orientation. These unique qualities have helped the company generate revenues that are consistently higher than other firms in the same industry. Which of the following can be concluded about Revved Rider Inc. from this scenario?
- A diagnosis of the competitive challenge, an element of a good strategy, is primarily accomplished through strategy
- A firm is likely to have a competitive advantage when it
- Which of the following statements will effectively guide a strategist?
- Which of the following statements about competitive advantage is nottrue?
- Which of the following does a firm possess when it can outperform other firms in the same industry or the industry average over a prolonged period of time?
- Which of the following statements accurately brings out the difference between an organization’s vision and mission?
- When a firm integrates the competitive strategies of cost-leadership and differentiation, it will most likely result in
- Quick Eats is a fast-food restaurant that has recently entered the hospitality industry. Since most of its competitors are pursuing a low-cost position and doing well, Quick Eats also wants to adopt the same strategy. Which of the following will be a likely implication of this decision?
- Which of the following actions of an automobile firm will be considered as a strategic commitment?
- Which of the following statements is true of customer-oriented visions?
- Which of the following statements is true of strategy?
- A company’s vision primarily states
- How has Walmart staked out a unique strategic position?
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