Wpc 470 Midterm 52 Correctly Answered Questions Latest Update

Blackzim Wireless is a cellular service provider that charges its customers $1 for three hours of talk time. So, if a customer's talk time for a month is 60 hours, the compoany charges him or her $20 at the end of the month. Which of the following business models does this best illustrate? {Ans: pay-as-you-go}Hank runs {Ans: The company is likely to be very profitable as long as the threat to entry is low}Which of the following is an example of competitive parity? {Ans: A firm produces a similar number of wall clocks at a similar cost as its competitors}ERRC grid {Ans: Eliminate, Raise, Reduce, Create}Red Ocean Strategy {Ans: Compete in existing market space; beat the competition; exploit existing demand; make the value-cost trade-off; align the whole system of a firm's activities with its strategic choice of differentiation or low cost}Which of the following applies to the Strength-Threats quadrant of the SWOT matrix? {Ans: the local fast-food chain Easy Hot Dogs used its wholesome image to maintain its competitive advantage against stiff competition}