ashford BUS433 Week 4 Quiz

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BUS 433 (Ashford) – New Business Strategy

BUS 433 – Week 4 – Quiz

1. 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
development

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