A condition in the environment that may hinder a company's efforts to achieve strategic competitiveness
What is a Threat?
100
A condition within the firm that may hinder a company's efforts to achieve strategic competitiveness
What is a Weakness?
100
These are actions firms take to gain competitive advantages in a single market or industry.
What is Business-Level Strategy
100
This is the quest for competitive advantage when competing in multiple industries
What is Corporate-Level Strategy?
100
This profitability ratio measures the profit earned per dollar of revenue.
What is Return on Revenue
200
What external factor includes government pressures and subsidies?
What is the Political Environment?
200
This contributes to creating value for customers but is not physically identifiable
What is an Intangible resource
200
This is a process used to cluster people with similar needs into individual and identifiable groups.
What is Market Segmentation?
200
Controlling this is when one buyer or seller in a market has the ability to exert significant influence over the quantity of goods and services traded or the price at which they are sold.
What is Market power.
200
The formula for this liquidity ratio is current assets divided by current liabilities.
What is Current Ratio?
300
This is a type of industry structure that has few large firms, some pricing power, differentiated product, and high entry barriers
What is an Oligopoly?
300
These are the four general resource categories
What is Financial, Physical, Human, and Organizational?
300
This is the Business-Level Strategy that Best Buy uses.
What is Differentiation?
300
This is the type of diversification that Best Buy utilizes
What is Related-Linked Diversification
300
10.11% is Best Buy's measure for this profitability ratio.
What is Return on Revenue?
400
This aspect of Porter's Five Forces includes bargaining leverage, brand identity, price sensitivity, and threat of backward integration.
What is Buyer's Bargaining Power?
400
This is the final primary activity in a firm's value chain.
What is Customer Service?
400
This strategy is pursued when competing in existing market space and exploiting existing demand.
What is Red-Ocean Strategy?
400
This is an incentive to cheat on alliances where partners misrepresent their skills and abilities.
What is Adverse Selection?
400
This is Best Buy's Current Ratio
What is 1.9?
500
Porter's Five Forces was developed from what model?
What is The Structure-Conduct-Performance model
500
These are the two critical assumptions of the resource based view.
What are Resource Heterogeneity and Resource Immobility
500
The advantages of this strategic commitment include economies of scale, learning curve effects, and brand equity.
What is the First Mover advantage?
500
This BCG matrix segment can have high earnings, high cash flow, and a hold strategy
What is a Cash Cow?
500
This leverage ratio measures how well a company is using it's debt.