What are perfect competition, pure monopoly, monopolistic competition, and oligopoly.
100
Regarding the SWOT analysis, these two conditions are within a firm that may hinder or help achieve the company’s strategic competitiveness.
What are strengths and weaknesses.
100
There are 3 key issues in business-level strategy. Name one.
What is who will be served, what needs will be met, or how will those needs be met.
100
Attractiveness, better-off, and cost-of-entry all make up which test?
What is the ABC test.
100
This is the football team Marshall plays tonight.
What is Tulsa
200
What does the letters in the S-C-P model stand for?
What is structure, conduct, and performance.
200
The letter “R” of VRIN stands for this.
What is rare.
200
A process used to cluster people with similar needs into individual and identifiable groups.
What is market segmentation.
200
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
This video rental chain just closed its doors recently.
What is Blockbuster.
300
The factors which impede the ability of firms to enter or exit an industry, or to move from one segment of an industry to another
What are mobility factors.
300
These contribute to creating value for customers but are not physically identifiable.
What are intangible resources.
300
What phrase is associated with lacking the strong commitment or expertise in being either a cost-leader or differentiator?
What is becoming “stuck in the middle.”
300
Name the three main reasons to diversify.
What is value creating, value reducing, and value neutral.
300
This is the number of people that perished in the devastating Marshall plane crash on this day in 1970.
What is 75.
400
When we talk about the external environments, what layers do we need to analyze?
What is the general enviroment, industry eniveronment and competitor environment.
400
Better World Books is this type of (unique) entity.
What is B-corp.
400
What type of business-level strategy is GE implementing by competing in the healthcare industry?
What is a Red Ocean strategy.
400
These are the three types of strategic alliance.
What are joint venture, equity strategic alliance, and non-equity strategic alliance.
400
This is the popular dance that Miley Cyrus is recently known for.
What is twerking.
500
What does external analysis allow firms to do?
What is discover threats and opportunities, see if profits are above normal, understand the competition, and make informed strategic choices.
500
Name the three internal analyses’ outcomes.
What are unique resources, capabilities, and competencies.
500
What is one risk when implementing a cost-leadership strategy?
What is becoming obsolete, reduced differentiation perception, or imitation.
500
This is a strategy in which firms work together to achieve a shared object.
What is a corporate strategy.
500
These two airlines are planning to give low-cost competitors more access to a half-dozen key US airports in exchange for permission to merge and create the world’s largest airline.