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Business English Exercises
 

Business Buzzwords: Competitive Advantage

Answers to test questions and links to explanations

Home > Teaching Business English > Business English Lessons, Advanced Level # 253
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competitive advantage answer 1
An important theme of research related to the industry lifecycle is that strategies for achieving competitive advantage differ depending on the stage: firms compete primarily on alternative product designs and positioning early in the history of an industry, whereas cost becomes a more important basis of competition in later stages.

Correct answer: (d) lifecycle

Meaning of business term lifecycle
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competitive advantage, question 1 business buzzwords: competitive advantage, business development management, what does lifecycle mean?

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competitive advantage answer 2
Yahoo! and MSN are both good examples of glocalization because both have sites in different languages specifically targeted at the people of several countries.

Correct answer: (b) glocalization

Meaning of business term glocalization
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competitive advantage answer 3
It appeared that Old Mutual had fallen prey to a bear raid, where short sellers had entered the market for Old Mutual shares and had closed out their positions early this week; Poole said, "The market reacted very badly to our announcement, and we take losing 10 % of our price seriously."

Correct answer: (c) raid

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competitive advantage answer 4
"An obsession with wealth has led to an Affluenza epidemic", says Oliver James, "the virus is a set of values which increase our vulnerability to psychological distress, placing a high value on acquiring money and possessions, looking good in the eyes of others and wanting to be famous."

Correct answer: (c) an Affluenza

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competitive advantage answer 5
In 1982, Barry Minkow started his own rug-cleaning business called ZZZZ Best and eventually turned it into a public company with a paper value of more than $200 million; he was given a hero's welcome on Wall Street, but in December 1988, he was convicted on 57 counts of fraud and sentenced to 25 years in jail.

Correct answer: (d) ZZZZ

Meaning of business term ZZZZ
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competitive advantage, question 5 business proces management, what does zzzz mean? what is the definition for zzzz?

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competitive advantage answer 6
The seller of T Bond futures does not have to notify the clearing house until 8 pm about his intention to deliver, so if bond prices decline after 2 pm, the seller can notify the clearing house of his intention to deliver the cheapest bond that day or he can wait for the next day: this option is called the wild card play.

Correct answer: (d) wild

Meaning of business term wild
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competitive advantage, question 6 business buzzwords: competitive advantage, business process management system, what does wild mean?

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competitive advantage answer 7
The voodoo accounting employed by iMergent could be the reason why the company has lost all coverage from major brokerage houses and now reports numbers to the public without independent scrutiny; in 2005, it confessed a huge restatement of prior earnings and rolled up a mass of prior years' unreported losses.

Correct answer: (d) voodoo

Meaning of business term voodoo
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competitive advantage answer 8
A sinker bond is one whose interest and principal payments are made from a fund into which a company sets aside money over time, in order to retire its preferred stock, bonds or debentures.

Correct answer: (b) sinker

Meaning of business term sinker
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competitive advantage answer 9
A Brookfield real estate agent was charged Thursday in federal court with trying to get a $75,000 kickback in the form of a percentage of the sale if the bidder's proposal was accepted, in exchange for giving out confidential bid information on the sale of a $30 million state office building in Madison.

Correct answer: (c) kickback

Meaning of business term kickback
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competitive advantage answer 10
Investors are starting to worry that Symantec, which makes the popular Norton brand of anti-virus software, is in danger of being Netscaped: Microsoft has made some rumblings lately about stepping up its presence in security software.

Correct answer: (d) Netscaped

Meaning of business term Netscaped
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competitive advantage, question 10 business intelligence management, what does netscaped mean? what is the definition for netscaped?

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Business English Practice Exercises Business English Tests — several topics are covered: office matters, job applications, computer English, money expressions, business law, operations management, retail marketing, e-commerce, accounting terms, contracts and agreements, commercial correspondence, etc.
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