BUS 433 Week 4 Quiz

Question :

According to Porter, the diamond framework affects the competitiveness of ________ and ___________ as well as firms

competitors, complementors

 

nations, regions

customers, suppliers

suppliers, competitors

2.

Question :

In new ventures, financial projections and risk analysis are part of a ___________.

strategic plan

corporate plan

 

business plan

loan plan

3.

Question :

“Conventional wisdom argues that domestic competition is wasteful. It leads to __________ and prevents companies from achieving economies of scale . . .”

 

duplication of effort

higher prices

fierce domestic competition

downgrading of the sources of competitive advantage

4.

Question :

In the _____ method of forecasting, successive requisitioning in light of initial answers sharpens the results obtained.

Trend analysis

Alternative scenarios

 

Delphi

Time series

5.

Question :

Comparative growth rates of nations in the major industrial nations after World War II was ___________.

normal

 

exceptional

negative

remained the same

6.

Question :

A firm that is considering doing business abroad must have a rationale and logic for how it can compensate for and overcome the liabilities and disadvantages that arise from its _______________.

strategies

 

vision

mission

 

foreignness

7.

Question :

The evolution of ___________ is a critical element in the formulation of a company’s strategy.

resources

business strategy

corporate strategy

 

industry structures

8.

Question :

In the __________ stage of industry evolution, there is a shakeout among the competition.

embryonic

growth

 

maturity

decline

9.

Question :

_____ ensures _______’s broad application.

invention, innovation

 

innovation, invention

innovation, exploitation

invention, exploitation

10.

Question :

The technology-push model of innovation starts with ___________.

 

discoveries in basic science and engineering

business venture

 

exploiting new technologies

developmentX