Final Exam Time Limit: 3:00:00 Time Left:2:50:17 Andrew Diaz: Attempt 1 Next Page Page 1 of 19 Question 1 (1 point) J Saved = ) Listen } The Boeing 737 Max grounding and subsequent losses for Boeing illustrate which of the following strategy mis-steps? O The lack of investment in high quality workmanship and engineering 6) High risks from incremental innovation for products that are modular in design 0 The lack of a compelling vision statement to support the reinventing of the business model 0 High risks from incremental innovation for products that are not modular in design Question 2 (1 point) 4 Saved 1:} Listen b I Who defines the efficient frontier in the quality-cost trade-off? The most efficient firms who can lower their costs 0 The most profitable firms that offer the best service 0 The firms that offer maximum quality at given cost 0 None of the above Question 3 (1 point) When a firm is financially strong, but the industry is not very stable, it is better to: O Engage in product development rather than market penetration O Engage in horizontal integration 0 Diversify within the same industry 0 None of the above Next Page Page 1 of 19 2 0f 57 questions saved