IBM C5

IBM C5

University

81 Qs

quiz-placeholder

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IBM C5

IBM C5

Assessment

Quiz

English

University

Easy

Created by

Nhi Nguyễn

Used 4+ times

FREE Resource

81 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A firm's strategy can be defined as the actions that managers take to attain the goals of the firm.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The preeminent strategic goal for most firms is to maximize the value of the firm for its owners.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Profit growth is measured by the percentage increase in net profits over time.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of value a firm creates is measured by the difference between its costs of production and the price that it charges for its products.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The customer is able to garner the benefit of the consumer surplus because one firm is competing with other firms for the customer's business, so the firm must charge a lower price than it could if it were a monopoly supplier.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to Porter, the way to create superior value is to drive down the cost structure of the business and/or differentiate the product in some way so that consumers value it more.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Diminishing returns imply that when a firm already has significant value built into its product offering, increasing value by a relatively small amount requires significant additional costs.

True

False

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