BUS 433 (Ashford) – New Business Strategy
BUS 433 Week 1 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 companys 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