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WPC 470 MOORE ASU FINAL EXAM NEWEST 2024
EXAM ACTUAL EXAM COMPLETE 120 QUESTIONS
AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+
The decisions that senior management makes and the goal- directed actions it takes to gain and sustain competitive advantage in several industries and markets simultaneously - ANSWER- Corporate strategy
An increase in the variety of products and services a firm offers or markets and the geographic regions in which it competes - ANSWER- Diversification
Situation in which the stock price of highlt diversified firms is valued at less than the sum of their individual business units - ANSWER- Diversification discount
Situation in which the stock price of related-diversification firms is valued at greated than the sum of their individual business units - ANSWER- Diversification premium
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A theoretical framework in strategic management to explain and predict the boundaries of the firm, which is central to formulating a corporate strategy that is more likely to lead to competitive advantage - ANSWER- Transaction cost economics
Costs of searching for a firm or an individual with whom to contract and then negotiating monitoring and enforcing the contract - ANSWER- External transaction costs
Costs pertaining to organizing an economic exchange within a hierarchy; also called administrative costs - ANSWER- Internal transaction costs
Corporate strategy in which a firm is active in several different countries - ANSWER- Geographic diversification strategy
Depiction of the transformation of raw materials into finished goods and services along distinct vertical stages, each of which typically represents a distinct industry in which a number of different firms are competing - ANSWER- Industry value chain
Situation in which one party is more informed than another because of the possession of private information - ANSWER- Information asymmetry
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A long-term contract in which a franchisor grants a franchisee the right to use the franchisors trademark and business processes to offer goods and services that carry the franchisors brand name
- ANSWER- Franchising
A stand along organization created and jointly owned by two or more parent companies - ANSWER- Joint venture
A form of long term contracting in the manufacturing sector that enables firms to commercialize intellectual property - ANSWER- Licensing
Voluntary arrangements between firms that the sharing of knowledge, resources and capabilities with the intent of developing processes, products or services - ANSWER- Strategic alliances
Situation in which an agent performing activities on behalf of a principal pursues his or her own interests - ANSWER- Principal-agent problem
Corporate strategy in which a firm is active in several different product markets - ANSWER- Product diversification strategy
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