Question 1

To create an intangible resource that cannot be easily copied,Canadian retailer Holt Renfrew combines

Accepted Answer

A)  real estate and store fixtures. 
B)  brand name and experienced staff. 
C)  accumulated reputation for quality. 
D)  all of these are correct 
A)  real estate and store fixtures. 
B)  brand name and experienced staff. 
C)  accumulated reputation for quality. 
D)  all of these are correct

Question 2

Capabilities that are causally ambiguous are difficult to imitate.

Accepted Answer

A) True 
 B)False

Question 3

Explain the four attributes that a resource must have to provide a firm with a sustainable competitive advantage.

Accepted Answer

A resources must be

Question 4

What are the benefits and limitations of making historical comparisons in analyzing a firm's performance?

Accepted Answer

Historical comparisons can hel

Question 5

Leverage ratios provide measures of a firm's capacity to meet its long-term financial obligations.

Accepted Answer

A) True 
 B)False

Question 6

What are some of the most important implications of using the "balanced scorecard" approach?

Accepted Answer

The balanced scorecard provide

Question 7

Which of the following is not an advantage of Just-In-Time inventory systems?

Accepted Answer

A)  Reduced raw material storage costs 
B)  Minimized idle production facilities and workers 
C)  Reduced work-in-process inventories 
D)  Reduced dependence on suppliers 
A)  Reduced raw material storage costs 
B)  Minimized idle production facilities and workers 
C)  Reduced work-in-process inventories 
D)  Reduced dependence on suppliers

Question 8

Campbell's Soup uses continuous replenishment for the Loblaw stores it supplies in Canada.

Accepted Answer

A) True 
 B)False

Question 9

A resource is valuable and rare but neither difficult to imitate nor without substitutes.This should enable the firm to attain

Accepted Answer

A)  no competitive advantage. 
B)  competitive parity. 
C)  a temporary competitive advantage. 
D)  a sustainable competitive advantage. 
A)  no competitive advantage. 
B)  competitive parity. 
C)  a temporary competitive advantage. 
D)  a sustainable competitive advantage.

Question 10

Path dependency has no impact on the inimitability of resources.

Accepted Answer

A) True 
 B)False

Question 11

The "balanced scorecard" provides top managers with a _____ view of the business.

Accepted Answer

A)  detailed and complex 
B)  fast but comprehensive 
C)  simple and routine 
D)  long-term financial 
A)  detailed and complex 
B)  fast but comprehensive 
C)  simple and routine 
D)  long-term financial

Question 12

Establishing a customer service hotline to handle customer complaints would be considered a primary activity in value chain analysis.

Accepted Answer

A) True 
 B)False

Question 13

The balanced scorecard enables managers to evaluate their business from only two perspectives: customer and financial.

Accepted Answer

A) True 
 B)False

Question 14

Value chain analysis assumes that a firm's basic economic purpose is to create value and it is a useful framework for analyzing a firm's strengths and weaknesses.

Accepted Answer

A) True 
 B)False

Question 15

A competitive advantage based on inimitability can be sustained for at least some time if it has the following characteristics

Accepted Answer

A)  Physical uniqueness, path dependency, causal ambiguity, and social complexity. 
B)  Psychographic uniqueness, path dependency, causal ambiguity, and substitutability. 
C)  Rarity, path dependency, causal ambiguity, and social substitutability. 
D)  Geographic uniqueness, cause dependency, social ambiguity, and path complexity. 
A)  Physical uniqueness, path dependency, causal ambiguity, and social complexity. 
B)  Psychographic uniqueness, path dependency, causal ambiguity, and substitutability. 
C)  Rarity, path dependency, causal ambiguity, and social substitutability. 
D)  Geographic uniqueness, cause dependency, social ambiguity, and path complexity.

Question 16

For a resource to provide a firm with the potential for a sustainable competitive advantage,it must have the following four attributes

Accepted Answer

A)  Rare, valuable, mobile, and nonsubstitutable. 
B)  Rare, inimitable, physically unique, and nonsubstitutable. 
C)  Rare, valuable, inimitable, and nonsubstitutable. 
D)  Rare, valuable, physically unique, and causally ambiguous. 
A)  Rare, valuable, mobile, and nonsubstitutable. 
B)  Rare, inimitable, physically unique, and nonsubstitutable. 
C)  Rare, valuable, inimitable, and nonsubstitutable. 
D)  Rare, valuable, physically unique, and causally ambiguous.

Question 17

Tangible resources are assets that are relatively easy to identify such as financial and physical assets.

Accepted Answer

A) True 
 B)False

Question 18

The three key types of resources that are central to the resource-based view of the firm are

Accepted Answer

A)  tangible resources, intangible resources, and organizational structure. 
B)  culture, tangible resources, and intangible resources. 
C)  tangible resources, intangible resources, and organizational capabilities. 
D)  tangible resources, intangible resources, and top management. 
A)  tangible resources, intangible resources, and organizational structure. 
B)  culture, tangible resources, and intangible resources. 
C)  tangible resources, intangible resources, and organizational capabilities. 
D)  tangible resources, intangible resources, and top management.

Question 19

Which of the following lists consists of support activities?

Accepted Answer

A)  Human resource management, technology development, customer service, and procurement 
B)  Human resource management, customer service, marketing and sales, and operations 
C)  Human resource management, information systems, procurement, and firm infrastructure 
D)  Customer service, information systems, technology development, and procurement 
A)  Human resource management, technology development, customer service, and procurement 
B)  Human resource management, customer service, marketing and sales, and operations 
C)  Human resource management, information systems, procurement, and firm infrastructure 
D)  Customer service, information systems, technology development, and procurement

Question 20

A marketing department that promises delivery faster than the production department's ability to produce is an example of a lack of understanding of the

Accepted Answer

A)  interrelationships among functional areas and firm strategies HYPERLINK "" . 
B)  need to maintain the reputation of the company. 
C)  organizational culture and leadership. 
D)  synergy of the business units. 
A)  interrelationships among functional areas and firm strategies HYPERLINK "" . 
B)  need to maintain the reputation of the company. 
C)  organizational culture and leadership. 
D)  synergy of the business units.

To create an intangible resource that cannot be easily copied,Canadian retailer Holt Renfrew combines

Capabilities that are causally ambiguous are difficult to imitate.

Explain the four attributes that a resource must have to provide a firm with a sustainable competitive advantage.

What are the benefits and limitations of making historical comparisons in analyzing a firm's performance?

Leverage ratios provide measures of a firm's capacity to meet its long-term financial obligations.

What are some of the most important implications of using the "balanced scorecard" approach?

Which of the following is not an advantage of Just-In-Time inventory systems?

Campbell's Soup uses continuous replenishment for the Loblaw stores it supplies in Canada.

A resource is valuable and rare but neither difficult to imitate nor without substitutes.This should enable the firm to attain

Path dependency has no impact on the inimitability of resources.

The "balanced scorecard" provides top managers with a _____ view of the business.

Establishing a customer service hotline to handle customer complaints would be considered a primary activity in value chain analysis.

The balanced scorecard enables managers to evaluate their business from only two perspectives: customer and financial.

Value chain analysis assumes that a firm's basic economic purpose is to create value and it is a useful framework for analyzing a firm's strengths and weaknesses.

A competitive advantage based on inimitability can be sustained for at least some time if it has the following characteristics

For a resource to provide a firm with the potential for a sustainable competitive advantage,it must have the following four attributes

Tangible resources are assets that are relatively easy to identify such as financial and physical assets.

The three key types of resources that are central to the resource-based view of the firm are

Which of the following lists consists of support activities?

A marketing department that promises delivery faster than the production department's ability to produce is an example of a lack of understanding of the

Strategic Management: Creating Competitive Advantages

Analyzing the External Environment of the Firm

Recognizing a Firms Intellectual Assets: Moving Beyond a Firms 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

Exam 3: Assessing the Internal Environment of the Firm

To create an intangible resource that cannot be easily copied,Canadian retailer Holt Renfrew combines

Capabilities that are causally ambiguous are difficult to imitate.

Explain the four attributes that a resource must have to provide a firm with a sustainable competitive advantage.

What are the benefits and limitations of making historical comparisons in analyzing a firm's performance?

Leverage ratios provide measures of a firm's capacity to meet its long-term financial obligations.

What are some of the most important implications of using the "balanced scorecard" approach?

Which of the following is not an advantage of Just-In-Time inventory systems?

Campbell's Soup uses continuous replenishment for the Loblaw stores it supplies in Canada.

A resource is valuable and rare but neither difficult to imitate nor without substitutes.This should enable the firm to attain

Path dependency has no impact on the inimitability of resources.

The "balanced scorecard" provides top managers with a _____ view of the business.

Establishing a customer service hotline to handle customer complaints would be considered a primary activity in value chain analysis.

The balanced scorecard enables managers to evaluate their business from only two perspectives: customer and financial.

Value chain analysis assumes that a firm's basic economic purpose is to create value and it is a useful framework for analyzing a firm's strengths and weaknesses.

A competitive advantage based on inimitability can be sustained for at least some time if it has the following characteristics

For a resource to provide a firm with the potential for a sustainable competitive advantage,it must have the following four attributes

Tangible resources are assets that are relatively easy to identify such as financial and physical assets.

The three key types of resources that are central to the resource-based view of the firm are

Which of the following lists consists of support activities?

A marketing department that promises delivery faster than the production department's ability to produce is an example of a lack of understanding of the

Strategic Management: Creating Competitive Advantages

Analyzing the External Environment of the Firm

Recognizing a Firms Intellectual Assets: Moving Beyond a Firms 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