A) are considered organized if they are easy to imitate by rivals. B) include labor, land, management, physical, plant, and equipment. C) are often homogeneous among companies. D) do not include patents, copyrights, and trademarks. E) are considered valuable only if they increase a company's costs. A) are considered organized if they are easy to imitate by rivals. B) include labor, land, management, physical, plant, and equipment. C) are often homogeneous among companies. D) do not include patents, copyrights, and trademarks. E) are considered valuable only if they increase a company's costs.

Exam 3: Internal Analysis: Resources and Competitive Advantage

Which of the following measures how effectively the company uses its capital to generate revenues and is calculated by taking revenues and dividing it by invested capital?

(Multiple Choice)

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Question 21

The primary activities of the value chain include the design, creation, and delivery of the product, the product's marketing, and its support and after-sales service.

(True/False)

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Question 22

Based on the VRIO framework, a resource can be considered a source of competitive advantage if it:

(Multiple Choice)

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Question 23

How does the understanding of the dynamic relationships between value, pricing, demand, and costs affect a manager's decisions regarding profitability and maximizing competitive advantage?

(Essay)

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Question 24

Benchmarking can be defined as the practice of:

(Multiple Choice)

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Question 25

The only change in pricing options available for a company that seeks to increase the average value per unit of their product to a customer is to raise prices to reflect a higher value.

(True/False)

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Question 26

Mike works as a corporate trainer, teaching new employees how to perform manufacturing tasks. In which value-chain activity does Mike work?

(Multiple Choice)

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Question 27

Which of the following is true about rareness and advanced factors of production?

(Multiple Choice)

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Question 28

Ray, a toymaker, knits a stuffed unicorn for Belle. Which function of the value chain is illustrated in this scenario?

(Multiple Choice)

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Question 29

Ted is an accountant at ABC Company. He calculates the difference between total revenues and total costs before tax. Ted calculates the:

(Multiple Choice)

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Question 30

Which primary activity in the value chain is concerned with the design of products and production processes?

(Multiple Choice)

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Question 31

Process knowledge includes control systems and incentive systems while organizational architecture includes human skills and the style of decisions are made.

(True/False)

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Question 32

Which of the following is one of the basic building blocks of competitive advantage?

(Multiple Choice)

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Question 33

Competitive advantage is based:

(Multiple Choice)

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Question 34

Innovation refers to the act of:

(Multiple Choice)

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Question 35

Resources:

(Multiple Choice)

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Question 36

In the fashion industry, the time required to take a new product from design inception to placement in a retail store is known as customer response time.

(True/False)

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Question 37

Cost of goods sold is reported on the:

(Multiple Choice)

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Question 38

The price a company charges for a good or service is typically more than the utility placed upon that good or service by the customer.

(True/False)

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Question 39

Employee productivity is a common measure of efficiency.

(True/False)

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Question 40

Showing 21 - 40 of 67

Which of the following measures how effectively the company uses its capital to generate revenues and is calculated by taking revenues and dividing it by invested capital?

The primary activities of the value chain include the design, creation, and delivery of the product, the product's marketing, and its support and after-sales service.

Based on the VRIO framework, a resource can be considered a source of competitive advantage if it:

How does the understanding of the dynamic relationships between value, pricing, demand, and costs affect a manager's decisions regarding profitability and maximizing competitive advantage?

Benchmarking can be defined as the practice of:

The only change in pricing options available for a company that seeks to increase the average value per unit of their product to a customer is to raise prices to reflect a higher value.

Mike works as a corporate trainer, teaching new employees how to perform manufacturing tasks. In which value-chain activity does Mike work?

Which of the following is true about rareness and advanced factors of production?

Ray, a toymaker, knits a stuffed unicorn for Belle. Which function of the value chain is illustrated in this scenario?

Ted is an accountant at ABC Company. He calculates the difference between total revenues and total costs before tax. Ted calculates the:

Which primary activity in the value chain is concerned with the design of products and production processes?

Process knowledge includes control systems and incentive systems while organizational architecture includes human skills and the style of decisions are made.

Which of the following is one of the basic building blocks of competitive advantage?

Competitive advantage is based:

Innovation refers to the act of:

Resources:

In the fashion industry, the time required to take a new product from design inception to placement in a retail store is known as customer response time.

Cost of goods sold is reported on the:

The price a company charges for a good or service is typically more than the utility placed upon that good or service by the customer.

Employee productivity is a common measure of efficiency.

Strategic Leadership: Managing the Strategy-Making Process for Competitive Advantage

External Analysis: the Identification of Opportunities and Threats

Competitive Advantage Through Functional-Level Strategies

Business-Level Strategy

Business-Level Strategy and the Industry Environment

Strategy and Technology

Strategy in the Global Environment

Corporate-Level Strategy: Horizontal Integration, Vertical Integration, and Strategic Outsourcing

Corporate-Level Strategy: Related and Unrelated Diversification

Corporate Governance, Social Responsibility, and Ethics

Implementing Strategy Through Organization

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