Exam 4: Leveraging Resources and Capabilities

When US firms offshore to India, how much do they save on each dollar invested?

In global business, the institution-based view deals with internal strengths and weaknesses

An examination as to whether a firm has the resources and capabilities to perform a particular activity in a manner superior to competitors is:

Commoditization is the point at which an industry specific activity becomes common across industries, after which the need to keep it proprietary no longer exists.

The combination of resources and assets that enables a firm to gain a competitive advantage is also called:

Setting up subsidiaries abroad when the work is done in-house only at the foreign location is also called:

Which of the following are the four focal points of the resource-based view?

What is the definition of outsourcing? Provide an example.

Benchmarking is an assessment as to whether a firm has resources and capabilities to perform a particular activity in a manner superior to competitors.

Tangible resources and capabilities are assets easily observable and quantified.

Human resources, innovation, and reputational resources and capabilities are all intangible assets.

Which of the following is NOT an intangible asset?

The combination of resources and assets that enable a firm to gain a competitive advantage is also called combination assets.

The value chain is a chain of horizontal activities used in the production of goods and services that may or may not add value.

Outsourcing is the process of turning over an organizational activity to an outside supplier, located in a foreign country, which will perform it on behalf of the local firm.

A chain of activities used in the production of goods and services that add value is a(n):

The point at which an industry-specific activity becomes common across industries and the need to keep it proprietary no longer exists is also called:

Offshoring means outsourcing to an international or foreign firm.

The difficulty of identifying the causal determinants of successful firm performance is also called:

Which of the following is NOT a tangible asset?