BPSM UNIT-2

Corporate strategy is primarily concerned with:

• Short-term operational decisions

• Long-term competitive positioning

• Day-to-day management activities

• Financial reporting

Diversification is a corporate strategy that involves:

• Focusing on a single product or market

• Expanding into new markets or industries

• Reducing costs through economies of scale

• Acquiring competitors

Porter's Five Forces model is a tool used to analyze:

• A company's internal strengths and weaknesses

• The competitive landscape of an industry

• The economic environment

• The political and regulatory environment

Ethical values are:

• Legal requirements that businesses must follow

• Principles that guide behavior and decision-making

• Financial metrics used to assess a company's performance

• Cultural norms that vary across different societies

Ethical dilemmas arise when:

• There is a clear right or wrong answer

• Two or more ethical principles conflict

• Legal requirements are ambiguous

• There are no potential consequences

Oligopoly is a market structure characterized by:

• A large number of small firms

• A single dominant firm

• A few large firms

• Perfect competition

Barriers to entry in an industry can include:

• Economies of scale

• Government regulations

• Patents and copyrights

• All of the above

Ethical relativism suggests that:

• There are universal ethical principles that apply to everyone

• Ethical beliefs vary across different cultures and individuals

• Ethical behavior is solely determined by legal requirements

• Ethical considerations are irrelevant in business decisions

Corporate social responsibility (CSR) is:

• A legal requirement for all businesses

• A voluntary commitment to ethical behavior and social good

• A marketing strategy to improve a company's image

• A financial obligation to maximize shareholder returns

Stakeholders of a corporation include:

• Shareholders

• Employees

• Customers

• All of the above