BUS 475 FINAL EXAM LATEST ACTUAL EXAM 100 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

BUS 475 FINAL EXAM LATEST 2023-2024 ACTUAL

EXAM 100 QUESTIONS AND CORRECT DETAILED

ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED

A+

The managers at Spring Hotels want to find out how their competitor,

Crimson Valley Hotels, consistently outdoes them. Spring Hotels have

the same facilities and equipment as Crimson Valley Hotels, but each

month its efforts to reach the benchmark set by Crimson Valley Hotels

fails. This is because Crimson Valley has elements such as great

location, beautiful architectural design, and customer-friendly

employees that create an edge over other companies in its industry.

Which of the following does this scenario exemplify? - ANSWERResource-based view of the firm

The owners of Carpo Inc., a watch company, also own a steel company

and a leather goods manufacturing company. This relieves them from

expenses that they would have to bear, if they had to rely on outside

sources for the raw materials needed to make their watches. This enables

the company to produce watches at a much lesser cost than other

companies in the industry. This scenario best illustrates a(n) ________. -

ANSWER- Cost advantage

Appetit Corp. is a famous deli in the metropolitan city of Atika. The

company became popular because of its consistency in the quality of

bread it provided and its creativity in adding unique elements to create

different flavors. One of Appetit's products is an infusion of peanut

butter and barbeque sauce filled in a bun. Appetit Corp. also engages its

customers in contests that ask them to make their own unique variety of

bread, which later features among the company's products with the

winner's name. All these factors have helped to create unique value that

keeps its customers coming back for more. This scenario best illustrates

Appetit Corp.'s ________. - ANSWER- Capabilities

The managers at Marker Inc., a moving company, want to formulate a

plan of action to implement their mission, "We deliver what we promise.

Always." To achieve this, the company chooses the best markets to

invest in, buys state-of-the-art transportation vehicles, employs spill and

damage proof style of packaging equipment, and develops a serviceoriented mentality. This method of conducting business earns them a

reputation. This scenario is an example of ________. - ANSWERDeliberate strategy

The board of directors of White Corp. meets to analyze the company's

competencies and scope for improvement. It also examines whether

White Corp. has been able to meet its potential customers' requirements.

The board of directors of White Corp. is involved in a(n) ________. -

ANSWER- Internal analysis

Which of the following statements is true about the role of technology in

a firm's profitability? - ANSWER- Technological change can often

lower barriers to entry.

The attractiveness of an industry is ________. - ANSWER- The degree

to which an average firm in the industry can earn good profits

Which of the following statements best describes forward integration? -

ANSWER- A firm goes into the business of its former buyers, rather

than continuing to sell products to them.

The airline industry is a profitable industry. The firms in this industry

create barriers to entry through patents and regulations in order to reduce

the threat of new entrants. It also minimizes the threat of substitutes

while keeping rivalry to a minimum. The airline industry can be best

categorized as a(n) ________. - ANSWER- Attractive industry

A federal act was passed in the country of Arahonia which changed the

way many of the Arahonian industries worked. Most of the firms in

Arahonia had to restructure their strategic plans accordingly. This

resulted in the larger firms acquiring the smaller ones which did not exit

the market altogether. This scenario best illustrates a(n) ________. -

ANSWER- Regulatory force

The management of GNH Corp., a chemical plant in the city of

Werkshore, has promised to take care of its surroundings. It assured to

dispose its factory wastes in a way that does not affect the habitat. In

order to do so, the company had to go through renovations that allow the

plant to take up green initiatives. Which of the following is the source of

change for GNH Corp.? - ANSWER- Natural environment

Hercules Inc. is a high performing steel manufacturing company. Chang,

a stakeholder of the company, believes that it is important to protect the

company from threats. Hercules Inc. has often struggled to overcome

rivalry and product substitutes. Chang claims that if the company

constantly keeps a check on itself by creating power over buyers, paying