Question 1

A SWOT analysis has which of the following benefits?

Accepted Answer

A)  It is easy to understand and use. 
B)  It suggests an overall direction for the firm. 
C)  It provides a good starting point for a more in-depth discussion of the firm's strategy. 
D)  A SWOT analysis has all of the benefits listed above. 
A)  It is easy to understand and use. 
B)  It suggests an overall direction for the firm. 
C)  It provides a good starting point for a more in-depth discussion of the firm's strategy. 
D)  A SWOT analysis has all of the benefits listed above.

Question 2

Which of the following is not one of the primary activities in the value chain?

Accepted Answer

A)  training 
B)  inputs 
C)  operations 
D)  marketing & sales 
A)  training 
B)  inputs 
C)  operations 
D)  marketing & sales

Question 3

Which of the following is one of the support activities in the value chain?

Accepted Answer

A)  human resource management 
B)  research & development 
C)  procurement 
D)  All of the above are support activities in a value chain. 
A)  human resource management 
B)  research & development 
C)  procurement 
D)  All of the above are support activities in a value chain.

Question 4

An examination of driving forces is one of the three basic methods for conducting an internal analysis to gain insight into a firm's strategic potential.

Accepted Answer

A) True 
 B)False

Question 5

What are the basic ways in which a company creates and captures value through its various activities? How does this added value lead to a competitive advantage?

Accepted Answer

A company can create value by offering c

Question 6

A study of U.S. employment showed that most of the jobs in the economy in the year 2000 were tied to value chain support activities.

Accepted Answer

A) True 
 B)False

Question 7

Relying on internal activities and processes, tapping customers and suppliers for ideas, and engaging in other boundary-spanning activities meant to identify emerging trends are all means by which a company can deliberately create a focus on

Accepted Answer

A)  the behaviors of rivals. 
B)  the likelihood of an industry price war. 
C)  opportunity recognition. 
D)  its changing culture. 
A)  the behaviors of rivals. 
B)  the likelihood of an industry price war. 
C)  opportunity recognition. 
D)  its changing culture.

Question 8

Contrast the purposes of an external analysis and an internal analysis.

Accepted Answer

Types of external analyses include a dri

Question 9

Human resource management, procurement, and research and development are some of the primary activities in the value chain.

Accepted Answer

A) True 
 B)False

Question 10

Benefits of using a SWOT analysis include the fact that it is easy to use and understand and that it is a strong starting point for in-depth discussion and analysis of a company's strategic position.

Accepted Answer

A) True 
 B)False

Question 11

What are some of the fundamental primary and support activities by which a company can create value?

Accepted Answer

A company creates value for its customer

Question 12

A managerial accounting method used to assign all direct and indirect costs to a particular activity is

Accepted Answer

A)  FASB-directed accounting. 
B)  international standards accounting. 
C)  activity-based costing. 
D)  indirect public costing. 
A)  FASB-directed accounting. 
B)  international standards accounting. 
C)  activity-based costing. 
D)  indirect public costing.

Question 13

Which of the following is not a basic way in which value can be created?

Accepted Answer

A)  By providing customers with the same benefits they can get elsewhere and charging the widely accepted industry price, or a little more to earn some profit. 
B)  By providing greater benefits for the same price the customer has been accustomed to paying. 
C)  By providing the same benefits but at a lower price that the customer has been accustomed to paying. 
D)  By broadening access to benefits to a wider audience, without sacrificing the benefits delivered to existing customers. 
A)  By providing customers with the same benefits they can get elsewhere and charging the widely accepted industry price, or a little more to earn some profit. 
B)  By providing greater benefits for the same price the customer has been accustomed to paying. 
C)  By providing the same benefits but at a lower price that the customer has been accustomed to paying. 
D)  By broadening access to benefits to a wider audience, without sacrificing the benefits delivered to existing customers.

Question 14

The potential drawbacks of using a SWOT analysis include the possibility for some ambiguity about whether a particular item is a strength or a weakness and the danger that the list of items produced can become too long.

Accepted Answer

A) True 
 B)False

Question 15

A value chain analysis may show that some of the firm's activities are more effectively handled by another company - that is, they should be outsourced.

Accepted Answer

A) True 
 B)False

Question 16

Activity-based costing is a method of managerial accounting used to assign all direct and indirect costs to a particular activity.

Accepted Answer

A) True 
 B)False

Question 17

Primary value chain activities are far less obvious to outsiders and competitors and are therefore much more difficult to imitate.

Accepted Answer

A) True 
 B)False

Question 18

Value is best captured when a company's set of activities is ________ and those activities are not easily imitated by a competitor.

Accepted Answer

A)  contestable 
B)  hidden 
C)  idiosyncratic 
D)  embedded in routines 
A)  contestable 
B)  hidden 
C)  idiosyncratic 
D)  embedded in routines

Question 19

A matrix that arrays a company's strengths and weaknesses against its opportunities and threats is called a(n) ________ matrix.

Accepted Answer

A)  SWOT 
B)  internal-external 
C)  TOWS 
D)  assessment 
A)  SWOT 
B)  internal-external 
C)  TOWS 
D)  assessment

Question 20

Value creation occurs when some other party appreciates something that we do for him or her and is willing to execute a profitable transaction with us as a result.

Accepted Answer

A) True 
 B)False

A SWOT analysis has which of the following benefits?

Which of the following is not one of the primary activities in the value chain?

Which of the following is one of the support activities in the value chain?

An examination of driving forces is one of the three basic methods for conducting an internal analysis to gain insight into a firm's strategic potential.

What are the basic ways in which a company creates and captures value through its various activities? How does this added value lead to a competitive advantage?

A study of U.S. employment showed that most of the jobs in the economy in the year 2000 were tied to value chain support activities.

Relying on internal activities and processes, tapping customers and suppliers for ideas, and engaging in other boundary-spanning activities meant to identify emerging trends are all means by which a company can deliberately create a focus on

Contrast the purposes of an external analysis and an internal analysis.

Human resource management, procurement, and research and development are some of the primary activities in the value chain.

Benefits of using a SWOT analysis include the fact that it is easy to use and understand and that it is a strong starting point for in-depth discussion and analysis of a company's strategic position.

What are some of the fundamental primary and support activities by which a company can create value?

A managerial accounting method used to assign all direct and indirect costs to a particular activity is

Which of the following is not a basic way in which value can be created?

The potential drawbacks of using a SWOT analysis include the possibility for some ambiguity about whether a particular item is a strength or a weakness and the danger that the list of items produced can become too long.

A value chain analysis may show that some of the firm's activities are more effectively handled by another company - that is, they should be outsourced.

Activity-based costing is a method of managerial accounting used to assign all direct and indirect costs to a particular activity.

Primary value chain activities are far less obvious to outsiders and competitors and are therefore much more difficult to imitate.

Value is best captured when a company's set of activities is ________ and those activities are not easily imitated by a competitor.

A matrix that arrays a company's strengths and weaknesses against its opportunities and threats is called a(n) ________ matrix.

Value creation occurs when some other party appreciates something that we do for him or her and is willing to execute a profitable transaction with us as a result.

The Need for Strategy

Strategy and Performance

Strategic Direction: Vision and Mission

Industry and Competitive Analysis

Resource-Based Competitive Advantage

Business-Level Strategy

Strategy Issues in Industries and Life Cycle Stages

Competitive Dynamics

Corporate Strategy

Strategy and Structure

Strategy Implementation: Control and Performance

Filters

Exam 5: Value Chain Analysis

A SWOT analysis has which of the following benefits?

Which of the following is not one of the primary activities in the value chain?

Which of the following is one of the support activities in the value chain?

An examination of driving forces is one of the three basic methods for conducting an internal analysis to gain insight into a firm's strategic potential.

What are the basic ways in which a company creates and captures value through its various activities? How does this added value lead to a competitive advantage?

A study of U.S. employment showed that most of the jobs in the economy in the year 2000 were tied to value chain support activities.

Relying on internal activities and processes, tapping customers and suppliers for ideas, and engaging in other boundary-spanning activities meant to identify emerging trends are all means by which a company can deliberately create a focus on

Contrast the purposes of an external analysis and an internal analysis.

Human resource management, procurement, and research and development are some of the primary activities in the value chain.

Benefits of using a SWOT analysis include the fact that it is easy to use and understand and that it is a strong starting point for in-depth discussion and analysis of a company's strategic position.

What are some of the fundamental primary and support activities by which a company can create value?

A managerial accounting method used to assign all direct and indirect costs to a particular activity is

Which of the following is not a basic way in which value can be created?

The potential drawbacks of using a SWOT analysis include the possibility for some ambiguity about whether a particular item is a strength or a weakness and the danger that the list of items produced can become too long.

A value chain analysis may show that some of the firm's activities are more effectively handled by another company - that is, they should be outsourced.

Activity-based costing is a method of managerial accounting used to assign all direct and indirect costs to a particular activity.

Primary value chain activities are far less obvious to outsiders and competitors and are therefore much more difficult to imitate.

Value is best captured when a company's set of activities is ________ and those activities are not easily imitated by a competitor.

A matrix that arrays a company's strengths and weaknesses against its opportunities and threats is called a(n) ________ matrix.

Value creation occurs when some other party appreciates something that we do for him or her and is willing to execute a profitable transaction with us as a result.

The Need for Strategy

Strategy and Performance

Strategic Direction: Vision and Mission

Industry and Competitive Analysis

Resource-Based Competitive Advantage

Business-Level Strategy

Strategy Issues in Industries and Life Cycle Stages

Competitive Dynamics

Corporate Strategy

Strategy and Structure

Strategy Implementation: Control and Performance

Filters