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- 2 Dhofar Company operates in the equipment manufacturing industry and produces some office equipment. The company purchases its raw materials from a single company and there is no other company selling those raw materials. Which of the following best describes this situation in Five Forces Models? Select one: a. Rivalry among Existing companies is high b. None of the Above c. Threat of Substitutes is high because customers may change to other products. d. Bargaining Power of Suppliers is high because there is only one supplierManagerial lssues-ELECTRONIC COMMERCE Which strategy should we choose for vendor selection: the inside-out or outside-in approach? please quickly thanks !Why is it important to study the internal resources, capabilities, and activities of firms? What insights can be gained? 2. Resources that are valuable, rare, and costly to imitate can help create a competitive advantage. In many cases, firms try to “reverse- engineer” a particular feature from a competitor’s product for their own uses. It is legal to take apart publicly available products and services and try to replicate them and even develop work-arounds for relevant patents. But is it ethical? Explain your answer.
- 1.A market will usually be more difficult to enter if there is? a.Patented or proprietary know-how b.Low brand loyalty c.Wide access to distribution channels d.Common technology 2.Which of these situations is likely to cause high bargaining power of suppliers? a.A few large suppliers dominate the market supply b.Many alternative sources of supply c.Resource inputs are not essential to product quality d. Many customers with low brand loyalty 3.Which of these situations is likely to cause high bargaining power of customers? a.A large number of customers b.Full access to information c.The product is differentiated d.None of the foregoing1. Under the POCD framework, this refers to the vision and mission statements of thecompany:a. Peopleb. Contextc. Opportunityd. Deal2. A common mistake of companies in their quest to create competitive advantage is:a. Lack of analysis on wastageb. Overly priced productsc. Lack of systematic business frameworksd. Inability to manage business3. Ethics theoretically speaking is a moral philosophy because:a. It is not biblicalb. It is a personal choicec. It is taught and practiced in societyd. It begins at home4. Understanding the “Toyota Way” in essence is an example of the study in:a. Ethicsb. Professionalismc. Cultured. Strategies5. This is a common knee jerk reaction by companies when they start losing cash:a. Terminate employeesb. Sell assets, regardlessc. Loan and then put the business under collaterald. File for bankruptcy6. The industry is part of the scope of business ethics because:a. It makes or breaks the employeeb. It influences how your organization behavesc. It can reshape…1. What are the benefits associated with a comprehensive policy and procedure manual? Is there a downside to the manual’s being too comprehensive? 2. Consider the elements of the code of conduct developed by Caterpillar in Sourcing Snapshot: Caterpillar’s Code of Conduct. What are some specific examples of purchasing behavior that would violate elements of this code of conduct?
- (CLO1: Develop a good understanding of concepts, theories and practical issues involved in the development, adoption and implementation of strategies at the strategic level of business organisations) HappyFresh has collaborated with many businesses during its seven years of operation in Malaysia but it seems that alliance was not enough to keep the company afloat. Based on your internal and external analysis of the business in Question 1, identify a better strategy than joint venture or strategic alliance which could have saved it from the current divestiture. Support your answer with relevant strategy generation tool. TOWS analysisCorporate parent framework includes O a. All of these options are correct O b. Provide expertise such as financial or legal O c. Share best practices amongst SBUS O d. Making major decisions such as entering international markets___________________ typically bring together firms from different, often unrelated industries to work on well well-defined activities Question 6Answer a. Strategic alliance b. Non-competitive alliance c. Precompetitive alliance d. Competitive alliance
- 1.Which of the following was not listed as a typical bootstrapping technique?a. Coordinate procurement with other companiesb. Employ internsc. Reduce personal expendituresd. Purchasing rather than leasing facilities2.Which of the following was one of the most important intellectual property mistakes made by entrepreneurs?a. Not properly registering their internet domain namesb. Not using their intellectual property as part of their overall plan for successc. Not properly identifying all their intellectual propertyd. Not fully recognizing the value of their intellectual property3.Many entrepreneurs tackle the challenge of raising capital in a haphazard manner because:a. they are inexperienced in this area, and they are unsure of their options.b. they haven’t finished a feasibility study or a business plan yet.c. they are focused on the nuts and bolts of starting their business.d. they are cautious about raising money, and they haven't written a business plan.4.Typically, the seed money…Ani offers piano lessons in her home - students come to her home studio for their session. Sal also offers piano lessons, but he offers them virtually - students stay in their homes, and video conference with Sal for their session. Sal's business is in the same product category - piano lessons - but meets customers' needs in a slightly different way than Ani. For Ani, what type of competitor is Sal? a Indirect competitor b Substitute c Direct competitor d AlternativeHow do I respond to this in 100 words? Environmental change can impact a firm in a rapid or sudden manner, while firms that are doing well will take the necessary steps to capitalize on new ways to limit the effects that has been impactful resulting in change. “Change can be brought about by factors such as the need to address increased competition, improve quality or service, reduce costs, or align the firm with the practices and expectation of its partners” (Parnel1, 2017, p. 260). The environment that we live is being impacted by how we sustain our lives. Changing strategies within environmental changes can be a complex process and is important to understand how strategic changes may affect consumers and employees while strategic changes that may not be warranted by the benefits. For example, renewable resources are replaceable energy resources which can be used for survival. “Energy is the lifeblood of the global economy” (Blanks, 2004). The sources of energy on our planet…