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BMGT Exam 2 2025 Questions and Answers Which is the best first question to ask when starting the strategic management process? - ....ANSWER ...-What is our mission? The ability of a firm to consistently outperform its rivals is called _______. ....ANSWER ...-competitive advantage General Electric is a complex conglomerate that owns both NBC Universal and GE Healthcare, firms operating in very different industries. The strategies pursued for each of these units wihtin GE would best be called _________ level strategies. ....ANSWER ...-business An organization that is downsizing by cutting staff to reduce costs can be described as pursing a ________ strategy. - ....ANSWER ...-retrenchment When you buy music downloads online, the firm selling them to you is engaging in which type of e-business strategy? - ....ANSWER ...-B2C A _________ in the BCG Matrix would have a high market share in a low-growth market. - ....ANSWER ...-cash cow In porter's five forces model, which of the following conditions is most favorable from the standpoint of industry attractiveness? - ....ANSWER ...-low bargaining power of suppliers …FOR STUDENTS ONLY…©️2025 ALL RIGHTS RESERVED… 1