Wayland Baptist University, PlainviewBUAD 5355 STRATEGIC MANAGEMENT - Midterm

Document Content and Description Below

Question 1 10 out of 10 points Older employees are less valuable resources to firms than younger employees, because older employees have lower levels of knowledge. Consequently, employee layoffs sh... ould begin with earlyretirement inducements. Selected Answer: Fals e Answers: True Fals e  Question 2 10 out of 10 points At Southwest Airlines, the complex interrelationship between its culture and human capital adds value for customers in ways cannot, such as jokes on flights by flight attendants and cooperation between gate personnel and pilots. Selected Answer: Tru e Answers: Tru e False  Question 3 10 out of 10 points All of the following are critieria for sustainable advantage EXCEPT: Selected Answer: a. Competitive pricing Answers: a. Competitive pricing b. Valuable c. Rare d. Nonsubstitutable  Question 4 10 out of 10 points Zara has pioneered "cheap chic" in clothing apparel. Zara offers current and desirable fashion goods at relatively low prices. To implement the strategy, Zara uses sophisticated designers and effective means of managing costs. These are all characteristics of which business level strategy? Selected Answer: Integrated cost leadership/differentiation Answers: Cost leadershipDifferentiation Integrated cost leadership/differentiation Stuck in the middle  Question 5 10 out of 10 points The strategic management process is [Show More]

Last updated: 1 year ago

Preview 1 out of 28 pages