A) defined as the time it takes to produce a product. B) defined as the cost of inputs required to produce a given output. C) pursued only by cost leaders. 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) defined as the cost of inputs required to produce a given output. C) pursued only by cost leaders. D) measured by looking at a product's price. E) lower when the output is high-quality.

A) are the tangible assets available to a company. B) can be tangible or intangible. C) are harder for a company to copy than capabilities are. D) are the products of a company's control systems. E) refer to an organization's skills. A) are the tangible assets available to a company. B) can be tangible or intangible. C) are harder for a company to copy than capabilities are. D) are the products of a company's control systems. E) refer to an organization's skills.

Exam 3: Internal Analysis: Distinctive Competencies, Competitive Advantage, and Profitability

Benchmarking is a practice in which a company's performance is compared against that of competitors and the historic performance of the company itself.

Free

(True/False)

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Question 1

Correct Answer:

Verified

True

If a company's profitability is higher than the industry average,it has a competitive advantage.

Free

(True/False)

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Question 2

Correct Answer:

Verified

True

Imitating a company's capabilities tends to be more difficult than imitating its tangible and intangible resources.

Free

(True/False)

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Question 3

Correct Answer:

Verified

True

The price a company charges for a good or service is typically more than the utility placed on that good or service by the customer.

(True/False)

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Question 4

The term value chain refers to the idea that a company is

(Multiple Choice)

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Question 5

Efficiency is

(Multiple Choice)

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Question 6

Which of the following is not a way that companies can avoid failure?

(Multiple Choice)

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Question 7

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 8

Internal analysis is concerned with identifying a company's opportunities and weaknesses.

(True/False)

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Question 9

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

(True/False)

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Question 10

Resources

(Multiple Choice)

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Question 11

In the fashion industry,the time required to take a new product from design inception to placement in a retail store is known as customer response time.

(True/False)

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Question 12

Factors that help a company to build and sustain competitive advantage include which of the following?

(Multiple Choice)

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Question 13

One of the most widely used measures of financial performance is

(Multiple Choice)

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Question 14

Ray is a doctor who treats individuals with heart conditions.Ben is one of Ray's patients.Which function of the value chain is in operation when Ray checks Ben's blood pressure?

(Multiple Choice)

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Question 15

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

(True/False)

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Question 16

Using the value chain model,which of the following primary activities is performed last,as inputs are transformed into outputs?

(Multiple Choice)

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Question 17

Intel's invention of the microprocessor in the early 1970s,Cisco's development of the router for routing data over the Internet in the mid-1980s,and Apple's development of the iPod,iPhone,and iPad in the 2000s can be referred to as _____ innovations.

(Multiple Choice)

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Question 18

Patents typically provide the greatest barrier to imitation.

(True/False)

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Question 19

Lucy is an entreprenuer who is interested in opening her own bakery.She is concerned with obtaining money for equipment for the bakery such as ovens,pots and pans,and display cabinets.Lucy is trying to obtain intangible resources for her business.

(True/False)

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Question 20

Showing 1 - 20 of 83

Benchmarking is a practice in which a company's performance is compared against that of competitors and the historic performance of the company itself.

If a company's profitability is higher than the industry average,it has a competitive advantage.

Imitating a company's capabilities tends to be more difficult than imitating its tangible and intangible resources.

The price a company charges for a good or service is typically more than the utility placed on that good or service by the customer.

The term value chain refers to the idea that a company is

Efficiency is

Which of the following is not a way that companies can avoid failure?

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.

Internal analysis is concerned with identifying a company's opportunities and weaknesses.

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

Resources

In the fashion industry,the time required to take a new product from design inception to placement in a retail store is known as customer response time.

Factors that help a company to build and sustain competitive advantage include which of the following?

One of the most widely used measures of financial performance is

Ray is a doctor who treats individuals with heart conditions.Ben is one of Ray's patients.Which function of the value chain is in operation when Ray checks Ben's blood pressure?

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

Using the value chain model,which of the following primary activities is performed last,as inputs are transformed into outputs?

Intel's invention of the microprocessor in the early 1970s,Cisco's development of the router for routing data over the Internet in the mid-1980s,and Apple's development of the iPod,iPhone,and iPad in the 2000s can be referred to as _____ innovations.

Patents typically provide the greatest barrier to imitation.

Lucy is an entreprenuer who is interested in opening her own bakery.She is concerned with obtaining money for equipment for the bakery such as ovens,pots and pans,and display cabinets.Lucy is trying to obtain intangible resources for her business.

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

External Analysis: The Identification of Opportunities and Threats

Building Competitive Advantage Through Functional-Level Strategy

Building Competitive Advantage Through 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 in Companies That Compete in a Single Industry

Implementing Strategy in Companies That Compete Across Industries and Countries

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