Exam 5: Competitive Advantage, Firm Performance, and Business Models

_____ of receivables turnover imply more efficient management in collecting accounts receivable and shorter durations of interest-free loans to customers.

_____ precisely indicates how much of a firm's sales is converted into profits.

_____ are best described as the value of the best forgone alternative use of the resources employed.

Which of the following frameworks used to measure competitive advantage relies on both an internal and an external view of a firm?

The fixed asset turnover of a company is 8.3.What do you infer from this?

Which of the following is not an advantage of the balanced-scorecard approach to assess firm performance?

During the process of formulating an effective business model,a firm's managers should first

Which of the following statements is not true of competitive advantage?

Return on risk capital primarily includes

_____ denotes the dollar amount a consumer would attach to a good or service.

_____ indicates how much a firm benefits from interest-free loans extended by its suppliers and creditors.

In 2014,Apple turned over its inventory more than 53 times.In stark contrast,Microsoft turned over its inventory only about 10 times during the year.Which of the following best explains this difference?

In order to achieve a competitive advantage,a firm should be able to

In an economic context,strategy for producers is primarily about

Which of the following is not a limitation of the economic value creation framework?

The balanced-scorecard can accommodate

Competitive advantage goes to the firm that achieves the

Which of the following best expresses fixed asset turnover?

The three financial ratios that constitute return on revenue are Cost of goods sold/Revenue,Research & Development expense/Revenue,and

The cost of capital to create a product is a fixed cost because it is