Study with Quizlet and memorize flashcards containing terms like Effective strategies a) develop long-range plans for resource allocation b) provide an in-depth analysis of the organization's internal strengths and weaknesses c) provide managers with a list of environmental contingency factors d) align the organization and environment to achieve 52) Competitors have found it extremely difficult to imitate Gene Electronics Inc.'s valuable resources, capabilities, or competencies. To sustain its competitive advantage, Cartech should first A) seek to replicate its That means the impact could spread far beyond the agencys payday lending rule. Describe the three major components of prejudice. "On depressed woman would not eat and was in danger of dying of starvation, but she seemed to enjoy visitors and the TV set, radio, books and magazines, and flowers in her room. C) upgrade its engineering department and improve its supply chain. In the decline stage, which of the following strategies involves a reduction of investments in product support? Si quieres estar al da y conocer todas las noticias y promociones de Bodegas Torremaciel. C. It is a (Check all that apply.) You could go to the company website. Which of the following strategies has Dynatrace Holdings adopted in this scenario? _______ circular reactions are the types of responses in sensorimotor that involves people and objects. Which of the following types of innovation does this scenario best illustrate? A) contribute to the firm's strategic position as either low-cost leader or differentiator. The management hired a reputed consulting firm to advise the company. C) satire. Cultural differences in communication appear to influence _____. In this scenario, which of the following managerial tools is Juanita employing? a .the nature vs. nurture debate b .impression management c .dramaturgy d .role conflict, Which of the following Unit 3 Test Study Guide. imitation, and modeling. This opens it up to the potential of, Atlas Door could lose competitive advantage for all of the following reasons except, Rivals would find it difficult to challenge Atlas Door in the short run because of. By doing this, North Star is addressing a ________ in the value chain analysis. What is the developmental task of Erik Erikson's second stage of psychosexual development, in which a sense of independence in many tasks develops? With experience, unit costs of production decline as _________ increases in most industries. Also, the current buyers of flip phones are mainly categorized under laggards. harvest strategy maintain strategy consolidation strategy differentiation strategy Other Quizlet sets. On the downside, it required more frequent charging than the competition's tablets. The company then prepared for production by hiring a screenwriter to adapt the novel, casting the main roles, renting cameras and other equipment, and scouting locations in southern Arizona. Study with Quizlet and memorize flashcards containing terms like Which of the following is NOT something that computers can do better than the human brain? Most products are therefore 100 percent organic and all packaging is manufactured from recycled material. Study with Quizlet and memorize flashcards containing terms like Which of the following accurately describes how Netflix used innovation to gain a competitive advantage? Behaviorists believe that a mother who _____ will stimulate her child's communication skills. D) higher than firms that achieve either a cost or a differentiation advantage. harvest strategy maintain strategy consolidation strategy differentiation strategy Other Quizlet sets. Bryn is only 7 months old and seems to learn everything through her senses and motor skills. It is a risk-seeking strategy that aims to create and acquire companies in completely unrelated businesses. Why or why not? A differentiation strategy enables a business to address the five competitive forces by. Its core competencies include superior design and engineering capabilities, as well as a highly integrated and efficient supply chain. ________ analysis results in actions aimed at reduced costs and higher efficiency. Study with Quizlet and memorize flashcards containing terms like Growth patterns vary individually due to which of the following?, A recent national study revealed that _____ of children's meals exceed recommendations for saturated and trans fat., In the United States, which of the following is the leading cause of death in young children? Joey watches his older brother clap his hands over his head and a few hours later claps his hands in the same way. B) all rivals share a common input or raw material. It managed to become one of the top-three smartwatch manufacturers during the shakeout stage due to its low-cost structure. b. correct a market failure due to externalities. 49) Assume a firm's resources and capabilities are costly to imitate. Even so, another company that produces lower-quality batteries at the same price has also achieved some success, but not as much as Jumpstart. B) Demand for business products is derived from the demand for final consumer products. In the ______ stage of the industry life cycle, the emphasis on product design is very high, the intensity of competition is low, and the market growth rate is low. __________ theory is a perspective that compares human thinking processes, by analogy, to computer analysis of data, including sensory input connections, stored memories, and output. B) Bass Automobiles Inc. faced resource leakage. Thought (also called thinking) is the mental process in which beings form psychological associations and models of the world. Which of the following strategies has Mountaintop Electronics adopted in this scenario? Jack_McLoughlin9. The demand for flip phones has drastically reduced, and there are only a few consumer electronics companies selling them at extremely low prices. Infants explore a range of new activities, varying their responses as a way of learning about the world. Dominic is the founder of an innovative "impromptu catering" business that provides elegant, healthy party food and decorations on less than 24 hours' notice. C) an increase in its customers' disposable income. Which of the following scenarios would be characteristic of an entrepreneur? Also, her company sources ingredients from farms within 100 miles from her locations. 45) Leading guitar string producer Wound Up Inc. has enjoyed a competitive advantage based on its proprietary coating that gives its strings a clearer sound and longer lifespan than uncoated strings. Thus, SC started selling its products through direct marketing. A) competitive advantage of a firm exists for a short period of time. Which of the following assumptions of the resource-based model of competitive advantage does this scenario best illustrate? A) cost cutting may lead to the loss of desirable features, A manufacturing business pursuing cost leadership will likely. The size of pricing and differentiation advantages between competitors decreases in which stage of the market life cycle? Impromptu's resources include a highly experienced staff and state-of-the-art printing presses. B) represent their experiences in speech, gesture, and play. A) firms that fail to attain both strategies may end up with neither and become "stuck-in-the-middle." Jennifer looks at her mother and says 'bottle', which is her way of saying 'Mommy I want the bottle.' In which of the following stages of the industry life cycle is a standard first established? Strategies for analyzing and discussing media messages. However, changing your behavior and strategies is often the most efficient and effective means of improving all types of classroom behaviors, both disruptive and non-disruptive. To sustain its competitive advantage, Cartech should first A) seek to replicate its D) solve everyday practical problems and carry out many activities inside their Microsofts Activision Blizzard deal is key to the companys mobile gaming efforts. 5) Intellectual property (IP) protections such as trademarks or patents are proven methods of establishing permanent barriers to imitation. Which of the following types of innovations does this scenario best illustrate? The strategic objective of a first mover during the introduction stage of the industry life cycle is to. Please for proper display of our website you should enable it or use another browser that supports it. Yes B. D) All of these alternatives are correct., 2) The Jumi Application is Unpublished or Removed, International Alcoholic Beverages Expo, Guizhou, CHINA. If Finolo and Ethver, companies that manufacture televisions, develop the same customer knowledge base and create products with the same customer appeal as Invoro, then. What Xerox had not envisioned was the possibility that the components of the copying machine could be put together in an altogether different way that was more user-friendly. The symbol for GM is just GM, the symbol for General Electric is GE. 40) True Moto Corp. (TMC) is a leading automobile company. She realizes how important a good GMAT score is in her graduate school applications, and she is confident she will perform well. To consume media messages thoughtfully, we need a foundation on which to base thought and reflection. However, any attempts by competitors to copy the chemical composition would result in infringement of ReGen Pharmaceuticals intellectual property rights. A) It makes it difficult for the competitors to understand why a company has been so successful. Why did this happen? A. and more. It is important for a firm to win over the early majority section of the market to ensure the commercial success of an innovation because they. The following outline is provided as an overview of and topical guide to thought (thinking): . A. At one CVS drugstore, a four-pack of Energizer AA batteries was on sale at 2.99 USD compared with a Duracell four-pack at 4.59 USD. 57) Given the accelerated pace of technological change, in combination with deregulation, globalization, and demographic shifts, a firm will be successful today only if its. Study with Quizlet and memorize flashcards containing terms like Which of the following accurately describes how Netflix used innovation to gain a competitive advantage? 72) In the context of SWOT analysis, which of the following best exemplifies a firm's external opportunity? Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer, Statistical Techniques in Business and Economics, Douglas A. Lind, Samuel A. Wathen, William G. Marchal. Their products consist primarily of day-to-day items that are easy to imitate and sell. 26) Due to resource immobility, a critical assumption in the resource-based model of a firm, the. Which of the following benefits does this scenario best illustrate? When firms innovate by leveraging existing technologies into new markets, they are said to be involved in. Archetypes and personas B. Beliefs and expectations C. Defense mechanisms and coping strategies D. Myths, legends, and stories and more. c. what are the customers' needs? Southwest Airlines uses an overall cost leadership strategy. True B. While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. Research shows that which one of the following is not a strategy used by firms engaged in successful turnarounds? Develop new learning goals Follow rules with consistency Perform complex numerical calculations Process complex mathematical patterns, Which of the following refers to the scientific field High product differentiation is generally accompanied by. B) Demand for business products is derived from the demand for final consumer products. Competitors across the globe have failed to imitate Brain Boost's production models, supply chain systems, knowledge systems, and culture. In this scenario, Sensation Cosmetics accomplished substitution primarily through. C) profits one would expect to earn on investments that have a similar level of risk. 77) Southwest Airlines (SWA) has enjoyed a sustained competitive advantage, allowing it to outperform its competitors over several decades. Which of the following descriptions of a product in the growth stage is true? Which of the following would most likely exist during this stage? b. who is the customer? Piaget's theory of cognitive development contrasted with the _______-processing theory, which compared human thinking processes to computer analysis of data. What can Dominic do to exemplify the social entrepreneurship model? It was the first company to develop a compact MRI scanner by reconfiguring the components of the MRI technology. The four-step innovation process ends with idea generation. Most turnarounds require a firm to carefully analyze its relevant environments. In the United States, the time period for the right to exclude others from the use of a patented technology is ________ from the filing date of a patent application. Study with Quizlet and memorize flashcards containing terms like 1) High demand for online video streaming options is one of Netflix's core competencies., 2) The core competencies of a firm are determined by the interplay of its tangible resources and intangible capabilities., 3) One of Rolex's tangible resources is its well-known brand name and reputation for quality timepieces. 85) After conducting a SWOT analysis, your firm has decided to focus on addressing issues located in the Weaknesses-Opportunities quadrant. Study with Quizlet and memorize flashcards containing terms like The four Ps are product, price, place, and, If marketing is succeeding, all functional areas are able to operate effectively., Without successful marketing, there is no need for a firm to expand its business or invest in capital expenditures. Middle Age Suggesting that our birth order shapes our personality. 7) Amazon's tendency to reinvest a large share of its profits into new services and capabilities exemplifies a low level of resource flows. Piaget referred to the stage-five toddler as a 'little ________' because she would experiment in order "to see.". Canon was able to redesign the copying machine so that it didn't need professional servicereliability was built directly into the machine, and the user could replace parts, such as the cartridge. Which of the following customer segments does Ivan best represent? ) What personality trait best describes Lisa's confidence? C) Resource stocks are a firm's current level of intangible resources. In the _________ stage of the industry life cycle, there are few segments, the emphasis on process design is low, and the major functional areas of concern are general management and finance. Atlas Door relies on technologies that are rather well known and non-proprietary. The realization that objects (including people) still exist when they can no longer be seen, touched, or heard. This is an example of __________. Study with Quizlet and memorize flashcards containing terms like A rapid increase in an infant's vocabulary that usually begins at around 18 is known as, Sixty-five-year-old Ruth stops speaking to search her memory for the name of her daughter's dog, which she is confident she knows well. Infants respond to other people, to toys, and to any other object they can touch or move. idea testing. Ira can be categorized under the late majority customer segment. Tertiary circular reactions are characterized by _____. C. Personality is significantly shaped by the reinforcements and consequences outside of the organism. D) The opening case of Food Lion, Inc. illustrates the point that, C) firms that overemphasize overall cost leadership thoughout their value chain, The primary aim of strategic management at the business level is, In the long run, businesses without a competitive advantage are unlikely to earn more than "normal" profits. D) there is increasing emphasis on efficiency. 74) Which of the following applies to the Strength-Threats quadrant of the SWOT matrix? 84) O'Ryan Plastics maintains a manufacturing plant overseas. B) decreased emphasis on competition based on price. Experience effects are achieved by. invention. Microsofts Activision Blizzard deal is key to the companys mobile gaming efforts. invention. 4. Six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. Biology Unit 3. It tried to regain market share by offering a similar electronic reader, the Nook, to the Amazon Kindle series. Which of the following scenarios best exemplifies a platform business? Now most customers are buying replacement parts or buying their second fax machine from the firm. Multiple choice question. To be successful and to survive the shakeout stage of the industry life cycle, a firm should. ) C. Our behavior, cognitive processes, and situational context all influence each other. What can be concluded from this information? imitation. Which of the following resources is most likely to generate a competitive advantage? What stage in the industry life cycle does this scenario describe? C. It is a The growth stage of the industry life cycle is characterized by. 50 terms. Normal profits are. If I do not have cash, then I will not buy you a gift. Look up the company via the symbol, and you should find the information. Elliot Aronson, Robin M. Akert, Samuel R. Sommers, Timothy D. Wilson, Elliot Aronson, Robin M. Akert, Timothy D. Wilson, an individual whose self-concept closely resembles his or her inborn capacities or potentials (Rogers. A __________ session is a perceptual experience that helps a person recollect an idea, a thing, or an experience. B) must focus on a market segment or group of segments. This Friday, were taking a look at Microsoft and Sonys increasingly bitter feud over Call of Duty and whether U.K. regulators are leaning toward torpedoing the Activision Blizzard deal. Which of the following businesses is most likely to disrupt an existing industry? ) Which statement regarding competitive advantages is true? It has released an improved version of its premier running shoe in markets in which the company already operates. Management at the company is so committed to doing repairs well that they often have rejected employee suggestions to expedite their processes. kaylarene44. True False, In the context of Porter's model, a(n) ____ is any other product or service that can satisfy the same need for a customer as an industry's offerings. This is primarily because the source for the company's success has been unclear. Strategies for analyzing and discussing media messages. However, the company failed because Blue Tech Inc.'s models were inferior to the third- and fourth-generation models its competitors were selling. Functional magnetic resonance imaging, a measuring technique in which the brain's electrical excitement indicates activation anywhere in the brain; helps researchers locate neurological responses to stimuli. a .the nature vs. nurture debate b .impression management c .dramaturgy d .role conflict, Which of the following Edna Gomez is the founder of the restaurant chain Good and Green. Primary ________ measures refer to the type involving the body, with the infant trying to understand sensory experiences. b. achieving products analogous with competitors so as to be competitive in the same markets. The committee approved the new formula for an all-purpose cleaner because it. and more. 71) In the context of SWOT analysis, which of the following best exemplifies a firm's internal weakness? kaylarene44. It is a risk-seeking strategy that aims to create and acquire companies in completely unrelated businesses. However, the technology of the Sunshine tablet improved rapidly, thereby improving its recharge frequency. C) Industry demand is generally highly elastic. Study with Quizlet and memorize flashcards containing terms like Demographics includes facts about income, education levels, age groups, and the ethnic and racial composition of a population. 22) Home Value Inc., Max Cart Inc., and Nice Necessities Inc. are three consumer-product retailing companies. A) firms that fail to attain both strategies may end up with neither and become "stuck-in-the-middle." Yes B. B) targeting too large a market that causes unit costs to increase. Which of the following accurately describes how Netflix used innovation to gain a competitive advantage? As the inventor of hypertension medication, OneSure Pharmaceuticals (OSP) Inc. was able to reap the benefits of economies of scale due to a large consumer demand for the drug. 9-13/09/2014. However, changing your behavior and strategies is often the most efficient and effective means of improving all types of classroom behaviors, both disruptive and non-disruptive. Jessica believes that she succeeds in high school because she works hard, earned a place on the basketball team because she practices constantly, and cooks well because she takes cooking classes. Its core competencies include superior design and engineering capabilities, as well as a highly integrated and efficient supply chain. 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