BMG Study guides, Class notes & Summaries

Economies of scale correct answers When costs can be spread across increasing units of production or in serving multiple customers. Businesses that have favorable economies of scale (like many Internet firms) are sometimes referred to as being highly scalable Porter's 5 Forces correct answers Also known as Industry and Competitive Analysis. A framework considering the interplay between (1) the intensity of rivalry among existing competitors, (2) the threat of new entrants, (3) the threat of ...

COFT-SA SIO (BMG) QUESTIONS AND ANSWERS (2023/2024) (VERIFIED ANSWERS)

When monitoring performance what is needed? correct answers A. setting goals. B. time. C. quality. D. quantity. Extrinsic rewards come from ________ and intrinsic rewards come from ________. correct answers The environment; oneself What is halo perception error? correct answers The tendency for positive impressions of a person, company, brand or product in one area to positively influence one's opinion or feelings in other areas. What is leniency perception error? correct answers Pe...

BMGT 364 - QUIZ 1, WEEK 2 QUESTIONS AND ANSWERS 2024   BMGT 364 - QUIZ 1, WEEK 2 QUESTIONS AND ANSWERS 2024 Question 1 (2 points) Ralph Lauren is an American clothing designer and the namesake of his company. Over 2014–2015, sales plateaued and profits declined by 50%. In 2012, the company was worth $16 billion. Four years later, it was worth half that. Stefan Larsson, the CEO, attributed the decline to several factors, including a lack of , which led to merchandise piling u...

If a sales department supervisor is held accountable by a middle manager for the departments performance, on whom is the department supervisor dependent in making this performance possible? correct answers Department sales persons The management function of __________ is being activated when a bookstore manager measures daily sales in the magazine department and compares them with daily sales targets? correct answers Controlling The process of building and maintaining good working relation...

A correct answers Which is the best question to ask when starting the strategic management process? A) "What is our mission?" B) "How well are we currently doing?" C) "How can we get where we want to be?" D) "Why aren't we doing better?" B correct answers The ability of a firm to consistently outperform its rivals is called ___________. A) vertical integration B) competitive advantage C) strategic intent D) core competency B correct answers General Electric is a complex co...

What are the 5 major decisions in marketing? correct answers 1) Should we go abroad? 2) Which markets should we enter? 3) How should we enter the market? 4) With what type of marketing mix? 5) With what type of marketing organization? Decision 1 "Should we go abroad?" correct answers - Customer issues - Company issues - Competition issues 'Which markets should we enter?' considerations correct answers - Company objectives - Environmental analysis (Economic, Political/Legal, Cu...

BMGT 364 - Test 2 Questions and Answers 2024 3 Phrases of Pike Place Fish -Answer-1) Commit 2) Be it 3) Coaching Leadership -Answer-The process of influencing others to mobilize and facilitate individual and collective efforts towards the accomplishment of goals or objectives Traits of a Leader -Answer-1) Drive 2) Motivation to Lead 3) Self-Confidence 4) Emotional Maturity 5) Honesty & Integrity Management -Answer-The process of working with and through others to achieve organization...

BMGT364 Final Exam Questions and Answers Graded A selective perception -Answer-perceptual filtering process based on interests, background and attitude we see what we want to see What is organizational behavior? -Answer-application of knowledge about how individuals and groups act within the organizations they work why does ob matter? -Answer-give insight on how employees perform in the workplace what are three levels of analysis in ob? -Answer-individuals, group, organization project ox...