Reference no: EM131418192
1. One of the challenges (weakness) of a global strategy is seen when there is a lack of local responsiveness. This may result in the alienation of local customers.
True
False
2. There are four factors that leads to a nation's relative position of advantage; such as endowment, demand, related/support industries, and strategy/structure/rivalry.
True
False
3. When a fast food chain store, say Wendy's, chooses to acquire the largest cattle ranch in Nebraska, this is said to be a clear example of vertical integration. The reason why this is clear, is because this illustrates a move by Wendy's to own its own supplier.
True
False
4. When diversifying in related businesses, such as horizontal relationships, the firm benefits from leveraging core competencies and sharing activities. As such, this enables the firm to gain from economies of scale.
True
False
5. The following five examples point to the different types of firms with entrepreneurship value creation potential: start-ups, major corporations, family-owned businesses, non-profit organizations, and established institutions.
True
False
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Forecasting is important for virtually all operations
: Forecasting is important for virtually all operations, but it is part art and part science. Can these live together? Be sure to support your point of view with reasons and/or examples from your own experience, observations, or reading.
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Leadership in organizations and becoming a leader
: Review the front page of your local newspaper or the front page of the business section (online or hard copy). Try to identify issues that relate to "corporate or organizational leadership". How many did you find? Which one was most interesting? ..
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What was the original goal of fair trade
: Describe the use of hypnosis with Kenneth Bianchi, the “Hillside Strangler.” What was the original goal of fair trade? Using the Gaming system for Ipad from Osmo company, provide inputs, a transformation process and output to enhance the value of the..
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Value chains have to do with creating value for our customer
: "Value chains have to do with creating value for our customers by what we do. The bad news is that we often have parts of our processes that don't add value. Since those processes are often not much fun anyway, we should eliminate them." Discuss the ..
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One of the challenges of a global strategy
: One of the challenges (weakness) of a global strategy is seen when there is a lack of local responsiveness. This may result in the alienation of local customers There are four factors that leads to a nation's relative position of advantage; such as e..
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Explain market segmenting and target marketing
: Explain "market segmenting" and "target marketing." Why are these important to a marketing manager? explain what is meant by the term "distinctive competencies" and explain why it is important for an organization to identify them.
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Customers arrive according to a poisson process
: The Judy Gray Income Tax Service is analyzing its customer service operations during the month prior to the April filing deadline. On the basis of past data, it has been estimated that customers arrive according to a Poisson process with an average a..
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When making a purchase of a product or service
: When making a purchase of a product or service, consumers go through five steps. In your own words, explain these steps using a specific product or service as an example. In your own words, define the purpose of a strategic plan and explain the steps..
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What tasks are required in developing a marketing strategy
: describe what tasks are required in developing a marketing strategy. Provide a definition of each task. In your own words, list the "Four Ps" of marketing. Explain each one in your own words. .
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