BTS
T/F. Goals defines the fundamental purpose of an organization or an enterprise.
False
Collusion is an attempt by firms to realize its objectives through cooperation with other firms
FALSE
Business strategy is a clear set of plans, actions, and goals that outlines how a business will compete in a particular markets, or markets with a product or number of product or services
Goals defines the fundamental purpose of an organization or an enterprise.
False
Strategic Alliance is a long-term cooperative arrangement between two or more independent firms or business units that engage in business activities for mutual economic gain
TRUE
Cost Focus is focused on gaining an competitive advantage by being a low cost leader in a broader market
FALSE
These are favorable factors with the potential to improve current positioning.
A. Strengths
B. Opportunities
C. Weaknesses
D. Threats
B. Opportunities
This type of risk concerns firms failing to achieve their goals even when the alliance itself is fully operational.
A. Performance Risk
B. Administrative Risk
C. Relational Risk
D. Managerial Risk
A. Performance Risk
Which among the following is not a risk in Cost leadership strategy?
A. Technological change
B. Inflation
C. Imitation
D. Inability to adapt to market changes.
D. Inability to adapt to market changes.
The exact actions and steps your company must take to achieve its goals.
A. Goals
B. Mission
C. Situation Analysis
D. Objectives
D. Objectives
The following are reasons of firms in building a strategic alliance EXCEPT:
A. To obtain or learn new capabilities and share knowledge.
B. To obtain access to specific markets and to increase customer base.
C. To reduce financial risk by using the expertise and resources.
D. To overcome the future competitions by setting new standards
D. To overcome the future competitions by setting new standards
Which among the following could not be answered through TOWS analysis?
A. How can we make the least of our strengths?
B. How do we circumvent our weaknesses?
C. How do we capitalize on external opportunities?
D. How should we best manage threats?
A. How can we make the least of our strengths?
It is a space in which you are able to satisfy customer needs better, cheaper, or differently from your competitors
Strategic Sweet Spot
The active cooperation of firms within an industry to reduce output and raise prices in order to get around the normal economic law of supply and demand
Collusion
He is a well-known for his theories in economics, business strategy, and social causes
Michael Eugene Porter