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Business Strategy Fundamentals Test
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Business Strategy Fundamentals Test
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25 Questions

1. Why might you use discovery-driven planning?
2. What is an example of a legal monopoly?
3. Which of the following is a benefit of Horizontal Integration?
4. What trait should an information-driven company have at its core?
5. What is a strength of McDonald's business strategy?
6. What is a good way to avoid discrimination lawsuits?
7. A demand curve is more price elastic when a price____________ ?
8. Which of the following is a strategy used to gain a competitive advantage?
9. What performance management tool do companies use to measure and retain their competitive advantage?
10. How can a firm achieve a low cost operation?
11. What is recombinant innovation?
12. What are some of the possible disadvantages on relying on business cases when making strategic moves in business?
13. What is 'The Icarus Paradox'?
14. What ratio is used as an indicator of the size of a leading firm in relation to its industry?
15. In discovery-driven planning
16. What is a hostile takeover?
17. SWOT analysis is one of the earliest business strategy frameworks. What does it stand for?
18. What did companies replace their expansive multi-division portfolios with?
19. How could market segmentation benefit you from a business strategy standpoint?
20. Which framework determines the competitive intensity of a market?
21. What does SWOT stand for?
22. What does CAPM stand for?
23. OPEC is an example of what?
24. What are profit margins?
25. Which one of the following business structures is NOT a limited liability option?