A) defined as the time it takes to produce a product. B) the quantity of inputs required to produce an output. C) independent of customers' perception of a product's value. D) measured by looking at a product's price. E) lower when the output is high-quality. A) defined as the time it takes to produce a product. B) the quantity of inputs required to produce an output. C) independent of customers' perception of a product's value. D) measured by looking at a product's price. E) lower when the output is high-quality.

Exam 3: Internal Analysis: Resources and Competitive Advantage

The more a resource is firm-specific and difficult to imitate, the more likely a company holding that resource is said to have a distinctive competency.

(True/False)

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Question 41

Which of the following reports includes the cost of goods sold?

(Multiple Choice)

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Question 42

According to the text, one of the basic building blocks of competitive advantage is:

(Multiple Choice)

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Question 43

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

(Multiple Choice)

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Question 44

The most successful firms are those that constantly learn and adjust their distinctive competencies.

(True/False)

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Question 45

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

(Multiple Choice)

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Question 46

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:

(Multiple Choice)

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Question 47

Explain how tangible and intangible resources and capabilities can lead to distinctive competencies. Give specific examples.

(Essay)

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Question 48

Industry dynamism refers to:

(Multiple Choice)

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Question 49

Competitive advantage is based on:

(Multiple Choice)

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Question 50

Distinctive competencies are firm-specific strengths that allow a company to differentiate its products and achieve substantially lower costs than its rivals.

(True/False)

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Question 51

Innovation refers to the act of:

(Multiple Choice)

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Question 52

Nene works in a factory where she picks crab meat from crabs. She is paid per day based upon the number of pounds of crab meat that she picks. Nene's daily number of pounds of crab meat can be referred to as her productivity.

(True/False)

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Question 53

Which of the following is not true regarding a company's distinctive competencies?

(Multiple Choice)

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Question 54

_____ consists of the electronic systems for managing inventory, tracking sales, pricing products, selling products, and dealing with customer service inquiries.

(Multiple Choice)

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Question 55

Dale's methods of fitting horseshoes save time and money for his employer at the local ranch. However, when Dale suggests that everyone use his method, his boss, Cedric, says, "No. That's not the way we've always done it around here." Cedric's resistance to change illustrates:

(Multiple Choice)

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Question 56

Which of the following best describes product innovation?

(Multiple Choice)

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Question 57

Efficiency is:

(Multiple Choice)

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Question 58

The importance of reliability in building competitive advantage has increased dramatically over the past several decades.

(True/False)

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Question 59

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

(Multiple Choice)

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Question 60

Showing 41 - 60 of 79

The more a resource is firm-specific and difficult to imitate, the more likely a company holding that resource is said to have a distinctive competency.

Which of the following reports includes the cost of goods sold?

According to the text, one of the basic building blocks of competitive advantage is:

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

The most successful firms are those that constantly learn and adjust their distinctive competencies.

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

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:

Explain how tangible and intangible resources and capabilities can lead to distinctive competencies. Give specific examples.

Industry dynamism refers to:

Competitive advantage is based on:

Distinctive competencies are firm-specific strengths that allow a company to differentiate its products and achieve substantially lower costs than its rivals.

Innovation refers to the act of:

Nene works in a factory where she picks crab meat from crabs. She is paid per day based upon the number of pounds of crab meat that she picks. Nene's daily number of pounds of crab meat can be referred to as her productivity.

Which of the following is not true regarding a company's distinctive competencies?

_____ consists of the electronic systems for managing inventory, tracking sales, pricing products, selling products, and dealing with customer service inquiries.

Dale's methods of fitting horseshoes save time and money for his employer at the local ranch. However, when Dale suggests that everyone use his method, his boss, Cedric, says, "No. That's not the way we've always done it around here." Cedric's resistance to change illustrates:

Which of the following best describes product innovation?

Efficiency is:

The importance of reliability in building competitive advantage has increased dramatically over the past several decades.

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

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

External Analysis: The Identification of Opportunities and Threats

Building 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 Performance, Governance, and Business Ethics

Implementing Strategy Through Organization

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