Exam 3: Internal Analysis: Resources and Competitive Advantage

Lucy is an entrepreneur who is interested in opening her own bakery.She is concerned with obtaining money for equipment for the bakery such as ovens,pots and pans,and display cabinets.Lucy is trying to obtain intangible resources for her business.

Together with an analysis of the company's external environment,internal analysis gives managers the information they need to choose the business model and strategies that will enable their company to attain a sustained competitive advantage.

Internal analysis is concerned with identifying a company's opportunities and threats.

Intel's invention of the microprocessor in the early 1970s,Cisco's development of the router for routing data over the Internet in the mid-1980s,and Apple's development of the iPod,iPhone,and iPad in the 2000s can be referred to as _____ innovations.

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

Employee productivity is a common measure of efficiency.

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

Quality-as-excellence and quality-as-reliability are concepts that apply to goods but not services.

Competitive advantage is based on:

Using the value chain model,which of the following primary activities is performed last,as inputs are transformed into outputs?

Factors that make it difficult for a competitor to copy a company's distinctive competencies are known as:

Industry dynamism refers to:

A company's competitive advantage is more durable when:

At Adam's bicycle repair shop,the primary value chain activity of production occurs each time a customer's bicycle is repaired.

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

Using the value chain model,which of the following primary activities is performed first,as inputs are transformed into outputs?

Kodak possesses the leading imaging technology.This technology has allowed the company to differentiate its products from those offered by rivals.Imaging technology is Kodak's:

Which of the following is an important attribute for a product from a quality-as-reliability perspective?

The concept of efficiency as a building block of competitive advantage applies to:

One of the most widely used measures of financial performance in an internal analysis is: