Question 1

Employees will be able to obtain a proportionately high level of profits they generate (relative to the firm) if

Accepted Answer

A)  suppliers are loyal to the firm. 
B)  their expertise is firm-specific. 
C)  the cost to the firm of replacing them is high. 
D)  the firm's resources are path dependent. 
A)  suppliers are loyal to the firm. 
B)  their expertise is firm-specific. 
C)  the cost to the firm of replacing them is high. 
D)  the firm's resources are path dependent.

Question 2

Amazon Prime is credited for helping to increase the Amazon stock price by nearly 300 percent from 2008 to 2010. This competitive advantage is known as

Accepted Answer

A)  causal ambiguity. 
B)  product rarity. 
C)  service validity. 
D)  substitutability. 
A)  causal ambiguity. 
B)  product rarity. 
C)  service validity. 
D)  substitutability.

Question 3

An executive states that HR must be a true partner of the business, with a deep and up-to-date understanding of business realities and objectives, and must ensure HR initiatives fullysupport them at all points of the value chain. This is an example of

Accepted Answer

A)  relationships among activities within the firm and with other stakeholders. 
B)  relationships between firms. 
C)  interrelationships among activities within the firm. 
D)  interrelationships among firms. 
A)  relationships among activities within the firm and with other stakeholders. 
B)  relationships between firms. 
C)  interrelationships among activities within the firm. 
D)  interrelationships among firms.

Question 4

Explain the difference between tangible and intangible resources. Provide an example of each.

Accepted Answer

Firm resources are all assets, capabilit

Question 5

A crash R&D program by one firm cannot replicate a successful technology developed by another firm, when research findings cumulate. This is an example of

Accepted Answer

A)  social complexity. 
B)  physical uniqueness. 
C)  path dependency. 
D)  causal ambiguity. 
A)  social complexity. 
B)  physical uniqueness. 
C)  path dependency. 
D)  causal ambiguity.

Question 6

Ashley Furniture controls all steps of its distribution systems, developing specific competencies that are difficult to match. They are using ________ to build sustainable advantage.

Accepted Answer

A)  path dependency 
B)  social complexity 
C)  physical uniqueness 
D)  tangible resources 
A)  path dependency 
B)  social complexity 
C)  physical uniqueness 
D)  tangible resources

Question 7

There are two levels of relationships among value-chain activities. Discuss the differences and provide an example of each.

Accepted Answer

The importance of relationships among va

Question 8

Intangible resources of a firm refer to its capacity to deploy tangible resources over time and leverage those resources effectively.

Accepted Answer

A) True 
 B)False

Question 9

Information technology (IT) can also play a key role in enhancing the value that a company can provide its customers and, in turn, increasing its own revenues and profits. IT is an activitywithin the support activities of general administration.

Accepted Answer

A) True 
 B)False

Employees will be able to obtain a proportionately high level of profits they generate (relative to the firm) if

Amazon Prime is credited for helping to increase the Amazon stock price by nearly 300 percent from 2008 to 2010. This competitive advantage is known as

An executive states that HR must be a true partner of the business, with a deep and up-to-date understanding of business realities and objectives, and must ensure HR initiatives fullysupport them at all points of the value chain. This is an example of

Explain the difference between tangible and intangible resources. Provide an example of each.

A crash R&D program by one firm cannot replicate a successful technology developed by another firm, when research findings cumulate. This is an example of

Ashley Furniture controls all steps of its distribution systems, developing specific competencies that are difficult to match. They are using ________ to build sustainable advantage.

There are two levels of relationships among value-chain activities. Discuss the differences and provide an example of each.

Intangible resources of a firm refer to its capacity to deploy tangible resources over time and leverage those resources effectively.

Information technology (IT) can also play a key role in enhancing the value that a company can provide its customers and, in turn, increasing its own revenues and profits. IT is an activitywithin the support activities of general administration.

Strategic Management Creating Competitive Advantages

Analyzing the External Environment of the Firm Creating Competitive Advantages

Recognizing a Firm's Intellectual Assets Moving beyond a Firm's Tangible Resources

Business-Level Strategy Creating and Sustaining Competitive Advantages

Corporate-Level Strategy Creating Value through Diversification

International Strategy Creating Value in Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

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Exam 3: Assessing the Internal Environment of the Firm

Employees will be able to obtain a proportionately high level of profits they generate (relative to the firm) if

Amazon Prime is credited for helping to increase the Amazon stock price by nearly 300 percent from 2008 to 2010. This competitive advantage is known as

An executive states that HR must be a true partner of the business, with a deep and up-to-date understanding of business realities and objectives, and must ensure HR initiatives fullysupport them at all points of the value chain. This is an example of

Explain the difference between tangible and intangible resources. Provide an example of each.

A crash R&D program by one firm cannot replicate a successful technology developed by another firm, when research findings cumulate. This is an example of

Ashley Furniture controls all steps of its distribution systems, developing specific competencies that are difficult to match. They are using ________ to build sustainable advantage.

There are two levels of relationships among value-chain activities. Discuss the differences and provide an example of each.

Intangible resources of a firm refer to its capacity to deploy tangible resources over time and leverage those resources effectively.

Information technology (IT) can also play a key role in enhancing the value that a company can provide its customers and, in turn, increasing its own revenues and profits. IT is an activitywithin the support activities of general administration.

Strategic Management Creating Competitive Advantages

Analyzing the External Environment of the Firm Creating Competitive Advantages

Recognizing a Firm's Intellectual Assets Moving beyond a Firm's Tangible Resources

Business-Level Strategy Creating and Sustaining Competitive Advantages

Corporate-Level Strategy Creating Value through Diversification

International Strategy Creating Value in Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

Filters