Exam 3: Examining the Internal Environment: Resources

The key role managers play in creating competitive advantage is ________.

You can judge whether a firm's debt is excessive by comparing one firm's ________ against others in the industry.

Owning resources that don't meet the VRINE criteria is considered a necessary element of conducting business.

Firms outsource functions as a means for sharing their capabilities with external suppliers.

Intangible resources offer a better opportunity for competitive advantage than tangible resources.

Which of the following is not a support activity on the value chain?

Managers play the unique role of being a resource for the firm and having capabilities they use to manage the firm.

Decision agents are people who put the processes that use the firm's ________ into motion.

The criterion of rarity requires that a resource be scarce relative to ________.

Toyota's quality reputation developed over time and therefore, is not easily ________.

Intangible assets are easily identified and valued.