Question 1

Manufacturers of electric fragrance diffusers sell the electric outer device at an extremely low price, sometimes even at a loss.However, they make their money on the product by charging a premium on the perfume refills that have to be replaced regularly.Which of the following business models does this best illustrate?

Accepted Answer

A)   Razor-razor-blade
B)   Subscription based
C)   Freemium
D)   Pay-as-you-goE) All of the above
F) C) and D)

Question 2

Using the _____ approach, managers audit their company's fulfillment of its social and ecological obligations to stakeholders such as employees, customers, suppliers, and communities as conscientiously as they track its financial performance.

Accepted Answer

A)   triple-bottom-line
B)   economic value creation
C)   accounting profitability
D)   shareholder value creationE) A) and B)
F) A) and D)

Question 3

Explain how business models put strategy into action.

Accepted Answer

Strategy is a set of goal-directed actio...

Question 4

Samantha is a recent fashion graduate.She started her own apparel store with an investment of $300,000.In the first year she made a profit of $60,000.If she had taken up a job as a fashion editor for a magazine, she would have earned $50,000 as salary per year.Also, she could have invested her capital, $300,000, in treasury bonds and earned an interest of $12,000.Thus, the amount $62,000 ($50,000 + $12,000) would be Samantha's _____.

Accepted Answer

A)   social cost
B)   break-even price
C)   reservation price
D)   opportunity costE) None of the above
F) C) and D)

Question 5

What do higher ratios of receivables turnover indicate?

Accepted Answer

Higher ratios of receivables turnover (R...

Exam 5: Competitive Advantage, Firm Performance, and Business Models

Explain how business models put strategy into action.

Correct Answer
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Strategy is a set of goal-directed actio...
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Using the _____ approach, managers audit their company's fulfillment of its social and ecological obligations to stakeholders such as employees, customers, suppliers, and communities as conscientiously as they track its financial performance.

Correct Answer
verified

Correct Answer
verified

What do higher ratios of receivables turnover indicate?

Correct Answer
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Higher ratios of receivables turnover (R...
View Answer

Correct Answer
verified

Exam 5: Competitive Advantage, Firm Performance, and Business Models

Explain how business models put strategy into action.

Correct AnswerverifiedStrategy is a set of goal-directed actio...View AnswerShow Answer

Using the _____ approach, managers audit their company's fulfillment of its social and ecological obligations to stakeholders such as employees, customers, suppliers, and communities as conscientiously as they track its financial performance.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

What do higher ratios of receivables turnover indicate?

Correct AnswerverifiedHigher ratios of receivables turnover (R...View AnswerShow Answer

Correct AnswerverifiedShow Answer

Correct Answer
verified
Strategy is a set of goal-directed actio...
View Answer

Correct Answer
verified

Correct Answer
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Correct Answer
verified
Higher ratios of receivables turnover (R...
View Answer

Correct Answer
verified