13) The purpose of NAFTA is to A) substitute cheap labor in Mexico for expensive

Question

13) The purpose of NAFTA is to A) substitute cheap labor in Mexico for expensive labor in the United States B) curb illegal immigration from Mexico to the United States. C) phase out all trade and tariff barriers between North America and South America. D) phase out all trade and tariff barriers between the United States, Canada, and Mexico. Mexico. E) provide fair and equitable tariff rates for trade between the United States, Canada, and 14) Which of the following statements is true? A) Corporate mission is shaped by functional strategies. B) Corporate strategy is shaped by functional strategies. C) Functional strategies are shaped by corporate strategy D) External conditions are shaped by corporate mission. E) Functional area missions are merged to become the organizational mission. 15) The ability of an organization to produce goods or services that have some uniqueness in their characteristics is: A) mass production. B) time-based competition. C) competing on productivity D) competing on quality E) competing on differentiation. 16) Which of the following is the best example of competing on low-cost leadership? A) A firm produces its product with less raw material waste than its competitors do B) A firm offers more reliable products than its competitors do. C) A firm's products are introduced into the market faster than its competitors' products are. D) A firm's research and development department generates many ideas for new products. E) A firm advertises more than its competitors do. 17) Porter's Five Forces Model is used to evaluate competition based on which 5 aspects? A) research and development, cost, legal regulations, suppliers, customers B) immediate rivals, potential entrants, customers, suppliers, and substitute products C) potential entrants, customers, suppliers, legal regulations, and cost D) immediate rivals, potential entrants, cost, substitute products, and legal regulations E) cost, legal regulations, advertising effectiveness, potential entrants, and immediate rivals 18) Which of the following environmental factors has not contributed to Microsoft's changing strategy? A) Google B) security issues C) faster processors D) the Internet E) global warming 19) Which of the following has progressed the FURTHEST along its product life cycle? A) Video physical rentals B) Boeing 787 C) Apple SmartWatch D) 3-D game players E) Xbox 360

Explanation / Answer

13 D

This helps to maintain trade relation between us Canada Mexico and help for smooth business amongst countries

14 C

When functional strategy are designe and implemented properly then only growth is possible and functional strategy comes under corporate strategy

15 E

Since unique idea is the only way by which one firm can compete with other and gain competitive advantage

16 A

Since as use of raw material reduces or raw material is effectively use that will reduce costs of production which ultimately increase profit

17 B

Since rest all are not Porter's 5 model element. It has only immediate rivals, potential entrant customer, supplier and substitute

18 E

Since global warming is not related to Microsoft strategy.. Andvrest four options deals which changing Microsoft strategy

19 A

video physical rental is physical rental video business and rest four options are the devices

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