MANECON FINALS

MANECON FINALS

1st Grade

58 Qs

quiz-placeholder

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MANECON FINALS

MANECON FINALS

Assessment

Quiz

Business

1st Grade

Practice Problem

Easy

Created by

Riz .

Used 6+ times

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58 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To be ahead of the forces that gain profit, strategies should be developed to gain sustainable advantage.

TRUE

FALSE

Answer explanation

To be ahead of the forces that erode profit, strategies should be developed to gain sustainable advantage.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Firms gain competitive advantage when they can deliver the same product or service benefits as their competitors but at a lower cost

TRUE

FALSE

Answer explanation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Firms gain competitive advantage when they can deliver superior product or service benefits at a higher cost.

TRUE

FALSE

Answer explanation

Firms gain competitive advantage when they can deliver superior product or service benefits at a similar cost.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Firms with competitive advantage can earn positive economic costs.

TRUE

FALSE

Answer explanation

Firms with competitive advantage can earn positive economic profits.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Strategy to gain sustainable competitive advantage means about how to increase the size of the profit, as such strategy is all about raising price or reducing cost.

TRUE

FALSE

Answer explanation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Any firm which can't manage both over a long period of time shows a sustainable competitive advantage and are successful

TRUE

FALSE

Answer explanation

Any firm which can manage both over a long period of time shows a sustainable competitive advantage and are successful

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Five schools of thought offer different views to achieve sustainable competitive advantage

TRUE

FALSE

Answer explanation

Two schools of thought offer different views to achieve sustainable competitive advantage

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