Exam 2 Capstone Solution With Verified Correct Answers

14. As discussed in class, a focused strategy means the company is focused on either particular product market or ________ market. a. Geographic b. Environmental c. Value d. Leadership e. Competitive {Ans: a. Geographic}12. What does of the firm refer to: a. The range of activities the firm performs externally and its social responsibility activities b. To gain competitive advantage based on where it locates its various chain activities c. The firm's capability to employ vertical integration strategies. d. The range of activities the firm performs internally and the breadth of its product offering the extent of its geographic market, and its mix of businesses. {Ans: d. The range of activities the firm performs internally and the breadth of its product offering the extent of its geographic market, and its mix of businesses.}15. Earlier this year, the legal mechanism (known as Chapter 50) for a nation to exit the European Union was set in motion for the first time since the founding of the EU. Which nation is exiting the trade bloc? a. France b. Belgium c. Greece d. Germany e. The United Kingdom {Ans: e. The United Kingdom}18. Your textbook notes in chapter 5 that a