Exam 4: Analyzing the Firm

Capabilities that a firm emphasizes and performs especially well while pursuing its vision, are known as competitive advantages.

Which of the following support activities is responsible for recruiting the human capital that is needed to complete all of the other primary and support activities?

One way to measure the value of a product to customers is by the price that the company charges for the product.

Which of the following statements concerning the cell phone industry is correct?

In order to develop and implement the best strategy, managers must understand what results the company's resources and capabilities will make possible.

Resources that are "acquired or developed to be used at a future time" are known as

Deficiencies in a company's resources and capabilities that make it hard for the firm to complete important tasks are known as weaknesses.

Manufacturing equipment and financial capital are examples of

The probability of achieving outsourcing's benefits increases significantly when the reasons for using outsourcing are

Why is it important for companies to achieve competitive advantage?

Which of the following IS NOT a characteristic a core competency must satisfy in order to be a competitive advantage?

The "structure of activities" that a firm uses to implement its business level strategy is known as

Which of the following companies is the largest restaurant company in the world?

Each stage of the value chain's primary activities adds cost.

Assets that contribute to creating value for customers but are not physically identifiable are known as

In order for core competencies to become competitive advantages, they must be valuable, rare, difficult to imitate and non-substitutable.