Question 1

Which of the below represents procurement as part of the support value activities in a value chain analysis?

Accepted Answer

A)  Purchases inputs, such as raw materials, resources, equipment, and supplies. 
B)  Applies MIS to processes to add value. 
C)  Distributes goods and services to customers. 
D)  Promotes, prices, and sells products to customers. 
A)  Purchases inputs, such as raw materials, resources, equipment, and supplies. 
B)  Applies MIS to processes to add value. 
C)  Distributes goods and services to customers. 
D)  Promotes, prices, and sells products to customers.

Question 2

What is one of the most common ways a company can decrease supplier power?

Accepted Answer

A)  Charge lower prices. 
B)  Charge higher prices. 
C)  Use MIS to find and create alternative products. 
D)  Companies cannot affect supplier power. 
A)  Charge lower prices. 
B)  Charge higher prices. 
C)  Use MIS to find and create alternative products. 
D)  Companies cannot affect supplier power.

Question 3

The threat of substitute products or services is ___________ when there are many alternatives to a product or service and low when there are few alternatives from which to choose.

Accepted Answer

The answer of The threat of substitute products or services...

Question 4

What is the support value activity that hires employees and provides them with training and compensation?

Accepted Answer

A)  Procurement. 
B)  Operations resource management. 
C)  Human resource management. 
D)  Firm infrastructure. 
A)  Procurement. 
B)  Operations resource management. 
C)  Human resource management. 
D)  Firm infrastructure.

Question 5

What is a feature of a product or service that customers have come to expect and that entering competitors must match if they want to survive?

Accepted Answer

A)  Significant barrier. 
B)  Entry barrier. 
C)  Product differentiation. 
D)  Entry chain. 
A)  Significant barrier. 
B)  Entry barrier. 
C)  Product differentiation. 
D)  Entry chain.

Question 6

Which of the following is not considered a category within the primary value activities in a value chain analysis?

Accepted Answer

A)  Inbound logistics. 
B)  Firm infrastructure. 
C)  Operations. 
D)  Service. 
A)  Inbound logistics. 
B)  Firm infrastructure. 
C)  Operations. 
D)  Service.

Question 7

The Porter's Five-Forces Model analyzes the competitive forces within the environment in which a company operates to assess the potential for __________ in an industry.

Accepted Answer

The answer of The Porter's Five-Forces Model analyzes the competitive...

Question 8

Your boss,Ty Jacob,has asked you to analyze the music industry using Porter's five-forces model.Which of the following represents supplier power in the music industry?

Accepted Answer

A)  Established record labels like EMI, Sony, and Universal. 
B)  Walmart, Target, iTunes. 
C)  Game systems like Wii and social networks like Facebook. 
D)  Taylor Swift, Beyonce, The Beatles, and The Rolling Stones. 
A)  Established record labels like EMI, Sony, and Universal. 
B)  Walmart, Target, iTunes. 
C)  Game systems like Wii and social networks like Facebook. 
D)  Taylor Swift, Beyonce, The Beatles, and The Rolling Stones.

Question 9

In the center of Porter's Five-Forces Model is competition.Which of the below represents the four outer boxes?

Accepted Answer

A)  Buyer power, systems power, threat of false entrants, and threat of substitute products or services 
B)  Buyer power, systems power, threat of new entrants, and threat of substitute products or services 
C)  Buyer power, supplier power, threat of new entrants, and threat of substitute products or services 
D)  Business power, supplier power, threat of new entrants, and threat of powerful services 
A)  Buyer power, systems power, threat of false entrants, and threat of substitute products or services 
B)  Buyer power, systems power, threat of new entrants, and threat of substitute products or services 
C)  Buyer power, supplier power, threat of new entrants, and threat of substitute products or services 
D)  Business power, supplier power, threat of new entrants, and threat of powerful services

Question 10

The value chain will group a company's activities into two categories: primary value activities and support value activities.

Accepted Answer

A) True 
 B)False

Question 11

The goal of value chain analysis is to identify processes in which the firm can add value for the customer and create a competitive advantage for itself,with a ________ or ________________.

Accepted Answer

A)  Focused strategy, product differentiation 
B)  Focused strategy, cost advantage 
C)  Cost advantage, primary value activities 
D)  Cost advantage, product differentiation 
A)  Focused strategy, product differentiation 
B)  Focused strategy, cost advantage 
C)  Cost advantage, primary value activities 
D)  Cost advantage, product differentiation

Question 12

When evaluating the value chain,all of the following are included in the primary value activities except:

Accepted Answer

A)  Inbound activities. 
B)  Operations. 
C)  Service. 
D)  MIS development. 
A)  Inbound activities. 
B)  Operations. 
C)  Service. 
D)  MIS development.

Question 13

Mark Peterson identified the Porter's Five-Forces Model,which analyzes the competitive forces within a business environment.

Accepted Answer

A) True 
 B)False

Question 14

Kevin Campbell is an incoming freshman at your college.Kevin is frustrated by the cost of books,tuition,and expenses,and he also needs to purchase a rather expensive laptop.In an effort to save money,Kevin begins a Facebook group finding other college students who need to purchase laptops.Soon,Kevin's Facebook group has close to 100,000 students.Kevin decides to collectively approach different computer companies to see if his group qualifies for a special discount.What business strategy is Kevin using to purchase laptops?

Accepted Answer

A)  Collecting business intelligence. 
B)  Decreasing entry barriers. 
C)  Purchasing a substitute product. 
D)  Increasing buyer power. 
A)  Collecting business intelligence. 
B)  Decreasing entry barriers. 
C)  Purchasing a substitute product. 
D)  Increasing buyer power.

Question 15

Business strategies that match _______ company competencies to opportunities result in a competitive advantage.

Accepted Answer

The answer of Business strategies that match _______ company competencies...

Question 16

Product differentiation occurs when a company develops unique differences in its products or services with the intent to influence demand.

Accepted Answer

A) True 
 B)False

Question 17

Porter identified three generic strategies that a business could follow after identifying a market it wanted to enter.Which of the following is not included as one of Porter's three generic strategies?

Accepted Answer

A)  Broad differentiation. 
B)  Supplier cost differentiation. 
C)  Focused strategy. 
D)  Broad cost leadership. 
A)  Broad differentiation. 
B)  Supplier cost differentiation. 
C)  Focused strategy. 
D)  Broad cost leadership.

Question 18

__________ power measures the ability of buyers to affect the price they must pay for an item.

Accepted Answer

The answer of __________ power measures the ability of buyers...

Question 19

Which of the below is similar to focused strategy versus broad strategy?

Accepted Answer

A)  Large market versus leadership. 
B)  Large market versus uniqueness. 
C)  Niche market versus large market. 
D)  Niche market versus generic. 
A)  Large market versus leadership. 
B)  Large market versus uniqueness. 
C)  Niche market versus large market. 
D)  Niche market versus generic.

Question 20

Gina Brooks works for Aquarium Retail Services selling high-end saltwater fish and tank supplies.Aquarium Retail Services is the current market leader in Gina's city.Gina has recently been approached by Deep Blue Incorporated with an opportunity to run its corporate nationwide marketing and sales division.Gina decides to jump at the opportunity! Deep Blue is attempting to gain a competitive ________ by stealing its competitor's key employees.

Accepted Answer

A)  Power 
B)  Entry Barrier 
C)  Advantage 
D)  Loyalty 
A)  Power 
B)  Entry Barrier 
C)  Advantage 
D)  Loyalty

Which of the below represents procurement as part of the support value activities in a value chain analysis?

What is one of the most common ways a company can decrease supplier power?

The threat of substitute products or services is ___________ when there are many alternatives to a product or service and low when there are few alternatives from which to choose.

What is the support value activity that hires employees and provides them with training and compensation?

What is a feature of a product or service that customers have come to expect and that entering competitors must match if they want to survive?

Which of the following is not considered a category within the primary value activities in a value chain analysis?

The Porter's Five-Forces Model analyzes the competitive forces within the environment in which a company operates to assess the potential for __________ in an industry.

Your boss,Ty Jacob,has asked you to analyze the music industry using Porter's five-forces model.Which of the following represents supplier power in the music industry?

In the center of Porter's Five-Forces Model is competition.Which of the below represents the four outer boxes?

The value chain will group a company's activities into two categories: primary value activities and support value activities.

The goal of value chain analysis is to identify processes in which the firm can add value for the customer and create a competitive advantage for itself,with a or ________.

When evaluating the value chain,all of the following are included in the primary value activities except:

Mark Peterson identified the Porter's Five-Forces Model,which analyzes the competitive forces within a business environment.

Business strategies that match _______ company competencies to opportunities result in a competitive advantage.

Product differentiation occurs when a company develops unique differences in its products or services with the intent to influence demand.

Porter identified three generic strategies that a business could follow after identifying a market it wanted to enter.Which of the following is not included as one of Porter's three generic strategies?

__________ power measures the ability of buyers to affect the price they must pay for an item.

Which of the below is similar to focused strategy versus broad strategy?

Business Driven Technology

Strategic Initiatives for Implementing Competitive Advantages

Measuring the Success of Strategic Initiatives

Organizational Structures That Support Strategic Initiatives

Valuing Organizational Information

Storing Organizational Information Databases

Accessing Organizational Information Data Warehouse

Enabling the Organization Decision Making

Extending the Organization Supply Chain Management

Building a Customer-Centric Organization Customer Relationship Management

Integrating the Organization From End-To-End Enterprise Resource Planning

Creating Innovative Organizations

E-Business

Creating Collaborative Partnerships

Integrating Wireless Technology in Business

Building Software to Support an Agile Organization

Managing Organizational Projects

Outsourcing in the 21st Century

Developing a 21st-Century Organization

Filters

Exam 2: Identifying Competitive Advantages

Which of the below represents procurement as part of the support value activities in a value chain analysis?

What is one of the most common ways a company can decrease supplier power?

The threat of substitute products or services is ___________ when there are many alternatives to a product or service and low when there are few alternatives from which to choose.

What is the support value activity that hires employees and provides them with training and compensation?

What is a feature of a product or service that customers have come to expect and that entering competitors must match if they want to survive?

Which of the following is not considered a category within the primary value activities in a value chain analysis?

The Porter's Five-Forces Model analyzes the competitive forces within the environment in which a company operates to assess the potential for __________ in an industry.

Your boss,Ty Jacob,has asked you to analyze the music industry using Porter's five-forces model.Which of the following represents supplier power in the music industry?

In the center of Porter's Five-Forces Model is competition.Which of the below represents the four outer boxes?

The value chain will group a company's activities into two categories: primary value activities and support value activities.

The goal of value chain analysis is to identify processes in which the firm can add value for the customer and create a competitive advantage for itself,with a ________ or ________________.

When evaluating the value chain,all of the following are included in the primary value activities except:

Mark Peterson identified the Porter's Five-Forces Model,which analyzes the competitive forces within a business environment.

Business strategies that match _______ company competencies to opportunities result in a competitive advantage.

Product differentiation occurs when a company develops unique differences in its products or services with the intent to influence demand.

Porter identified three generic strategies that a business could follow after identifying a market it wanted to enter.Which of the following is not included as one of Porter's three generic strategies?

__________ power measures the ability of buyers to affect the price they must pay for an item.

Which of the below is similar to focused strategy versus broad strategy?

Business Driven Technology

Strategic Initiatives for Implementing Competitive Advantages

Measuring the Success of Strategic Initiatives

Organizational Structures That Support Strategic Initiatives

Valuing Organizational Information

Storing Organizational Information Databases

Accessing Organizational Information Data Warehouse

Enabling the Organization Decision Making

Extending the Organization Supply Chain Management

Building a Customer-Centric Organization Customer Relationship Management

Integrating the Organization From End-To-End Enterprise Resource Planning

Creating Innovative Organizations

E-Business

Creating Collaborative Partnerships

Integrating Wireless Technology in Business

Building Software to Support an Agile Organization

Managing Organizational Projects

Outsourcing in the 21st Century

Developing a 21st-Century Organization

Filters

The goal of value chain analysis is to identify processes in which the firm can add value for the customer and create a competitive advantage for itself,with a or ________.