Take Test: Week04: MC Exercise all A

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Description Instructions Multiple Attempts This Test allows 3 attempts. This is attempt number 2. Force Completion This Test can be saved and resumed later. Question Completion Status:

Question 1
1.

Each stage of the value chain not only adds value to the product but also ________.
Answer

accumulates costs attracts buyers devalues the final product attracts competitors
10 points

Question 2
1.

The competitive strategy of an organization determines its ________.

Answer

value chains industry rivals short-term goals

structure

10 points

Question 3
1.

Collecting, storing, and physically distributing the product to buyers describes which of the following primary activities?
Answer

outbound logistics inbound logistics sales and marketing operations/management

10 points

Question 4
1.

________ includes general management, finance, accounting, legal, and government affairs.
Answer

Firm infrastructure Human resources Research and development Operations management

10 points

Question 5
1.

Manufacturing systems that use linkages also use ________ to plan production.
Answer

sales forecasts past reports competitors' information

software packages

10 points

Question 6
1.

In which of the following situations would the suppliers have the strongest bargaining power?
Answer

coffee planters during a season of frost that decreases production companies negotiating compensation during a booming economy providers of logistic support during an economic slowdown a wholesaler declaring a stock-clearance sale

10 points

Question 7
1.

Porter originally developed the five forces model to determine ________.

Answer

the potential profitability of an industry the nature of competitive industrial environments the reason why certain industries collapse the means by which to improve industrial viability

10 points

Question 8
1.

Inducing buyers to purchase the product and providing a means for them to do so describes which of the following primary activities?
Answer

sales and marketing inbound logistics outbound logistics

operations/management

10 points

Question 9
1.

Which of the following is a primary activity in the value chain?

Answer

delivering products to consumers processes of finding vendors setting up contractual arrangements negotiating prices

10 points

Question 10
1.

Which of the following is a process implementation principle of competitive advantage?

Answer

establishing alliances creating a new product enhancing a product differentiating a product

10 points

Question 11
1.

The competitive strategy followed by an organization is derived from its ________.

Answer

structure function profits goals

10 points

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