Benchmark competitors Study guides, Class notes & Summaries

What is strategy? An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantage. What are the 2 business analysis? Internal and External. What are the 3 business strategies? 1) Cost, 2) Differentiation, 3) Innovation. What is competitive advantage? Superior performance relative to other competitors in the same industry or the industry average. How do you assess competitive advantage? Compare firm performance to a benchmark. ...

mgmt principles of managements Canadian - test banks, Chapter 2 Organizational Environments and Cultures MULTICHOICE 1. What are the two types of external organizational environments? (A) general and specific (B) public and private (C) global and national (D) organizational and interpersonal Answer : (A) 2. Which of the following environments affects all organizations? (A) the global environment (B) the national environment (C) the general environment (D) the formal environment Answer :...

WGU C236 OA Questions and Answers Already Passed Which two approaches apply to internal reward alignment? Job-based approach Individual-based approach Which provision applies if a job is covered by the Fair Labor Standards Act? Employees who work more than 40 hours in a week must be paid time and a half for each hour they work over the 40 hours. What is the relationship among laws regarding pay? The benefit to employees dictates which law is followed. What is merit pay? Annual increase based ...

Absolute Level - ANSWER The reward can be defined. Paying an employee $50,000 salary per year is an example. Administrative - ANSWER Pertaining to the activities of running an organization or a business. Anchored Rating Scale - ANSWER Uses examples or definitions of typical behaviors to define each point along the scale. Autonomy - ANSWER Giving employees discretion in choosing what to do and how to do it. Bad Data Challenge - ANSWER Exists because the data a company obtains about ma...

C216 MBA Capstone Task 2: T.K. Sensors Performance Evaluation C216 MBA Capstone Task 2: T.K. Sensors Performance Evaluation Name Name Name Name D. 1. Analyze your performance for three of the eight years in comparison to one of your competitors. Erie (T.K. Sensors) vs. Ferris (Competition) Years: Six (2024), Seven (2025), and Eight (2026) Return on Sales (ROS): Also referred to as the Net Profit Margin; Return on Sales determines the net income acquired...

What is strategy? - An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantage. What are the 2 business analysis? - Internal and External. What are the 3 business strategies? - 1) Cost, 2) Differentiation, 3) Innovation. What is competitive advantage? - Superior performance relative to other competitors in the same industry or the industry average. How do you assess competitive advantage? - Compare firm performance to a benchmark. What is sustainable...

When insuring a partnership, it is essential to identify which one of the following on the policy declaration page? Choose one answer. A. The partnership B. All partners C. General partners only D. All partners and their share of the partnership Answer - A. The partnership If a company's inventory turnover ratio is higher than the industry benchmark, it indicates that Choose one answer. A. Its inventory is becoming obsolete compared to that of its competitors. B. Th...

What is strategy? correct answer: An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantage. What are the 2 business analysis? correct answer: Internal and External. What are the 3 business strategies? correct answer: 1) Cost, 2) Differentiation, 3) Innovation. What is competitive advantage? correct answer: Superior performance relative to other competitors in the same industry or the industry average. How do you assess competitive advantag...

WGU C236 Compensation and Benefits Questions and Answers Already Passed Absolute Level The reward can be defined. Paying an employee $50,000 salary per year, for example, is a defining absolute level. Administrative Pertaining to the activities of running an organization or a business. Anchored Rating Scale Uses examples or definitions of typical behaviors to define each point along the scale. Autonomy Giving employees discretion in choosing what to do and how to do it. Bad Data Challenge Ex...

Job and pay form-specific reward strategies allows for: Maximum customization as the organization positions its pay relative to the market differently for different jobs and pay forms As a general rule, base pay strategies rarely lead the market by more than 10% The benefits of incorporating individual-based pay into the total rewards system Allows the organization to build human capital What represents the most straightforward way to compare company or individual pay rat...