Exam 3: Examining the Internal Environment: Resources

If a competitor can readily substitute resources and achieve the same benefit using different combinations of resources, the nonsubstitutability criterion is satisfied.

(True/False)

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Question 41

The cost of available seat miles is not a common measure of costs in the airline industry.

(True/False)

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Question 42

Some resources that are sources of value can be abused and become sources of corporate overhead.

(True/False)

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Question 43

A valuable resource that is readily available contributes to competitive advantage.

(True/False)

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Question 44

Tangible resources do not include ________.

(Multiple Choice)

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Question 45

It is more difficult for a new company to imitate the industry leader than for an older, established one.

(True/False)

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Question 46

Examples of differentiated resources include land, debt financing, and unskilled labor.

(True/False)

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Question 47

Primary value-chain activities include human resources, accounting operations, and procurement.

(True/False)

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Question 48

Property rights are the most clear-cut example of resources and capabilities that are difficult to imitate.

(True/False)

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Question 49

Corporate jets are an example of a resource that can either be valuable or can provide little economic value.

(True/False)

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Question 50

Dividing total assets by total equity gives you a(n) ________.

(Multiple Choice)

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Question 51

A process that effective firms employ encourages middle managers to identify, grow, and detect new ways of creating value for the organization. This is known as the ________ process.

(Multiple Choice)

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Question 52

The three major inputs into an organizational strategy are resources, capabilities, and ________.

(Multiple Choice)

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Question 53

Net profit margin is defined as net profits divided by total ________.

(Multiple Choice)

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Question 54

Capital tied up in resources that do not meet the VRINE criteria should be reinvested in other resources.

(True/False)

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Question 55

Dell's distribution and marketing operations rest on a direct-sales model that avoids retailers.

(True/False)

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Question 56

SWOT is an acronym for strengths, weaknesses, opportunities, and threats.

(True/False)

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Question 57

Airline companies struggle with staying competitive amid rising costs. Many airlines have stopped ________ to save money.

(Multiple Choice)

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Question 58

Some experts suggest that firms should not even own resources that do not meet the VRINE criteria. Which of the following is not a rationale for this argument?

(Multiple Choice)

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Question 59

What is the purpose of the VRINE model?

(Essay)

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Question 60

Showing 41 - 60 of 191

If a competitor can readily substitute resources and achieve the same benefit using different combinations of resources, the nonsubstitutability criterion is satisfied.

The cost of available seat miles is not a common measure of costs in the airline industry.

Some resources that are sources of value can be abused and become sources of corporate overhead.

A valuable resource that is readily available contributes to competitive advantage.

Tangible resources do not include ________.

It is more difficult for a new company to imitate the industry leader than for an older, established one.

Examples of differentiated resources include land, debt financing, and unskilled labor.

Primary value-chain activities include human resources, accounting operations, and procurement.

Property rights are the most clear-cut example of resources and capabilities that are difficult to imitate.

Corporate jets are an example of a resource that can either be valuable or can provide little economic value.

Dividing total assets by total equity gives you a(n) ________.

A process that effective firms employ encourages middle managers to identify, grow, and detect new ways of creating value for the organization. This is known as the ________ process.

The three major inputs into an organizational strategy are resources, capabilities, and ________.

Net profit margin is defined as net profits divided by total ________.

Capital tied up in resources that do not meet the VRINE criteria should be reinvested in other resources.

Dell's distribution and marketing operations rest on a direct-sales model that avoids retailers.

SWOT is an acronym for strengths, weaknesses, opportunities, and threats.

Airline companies struggle with staying competitive amid rising costs. Many airlines have stopped ________ to save money.

Some experts suggest that firms should not even own resources that do not meet the VRINE criteria. Which of the following is not a rationale for this argument?

What is the purpose of the VRINE model?

Introducing Strategic Management

Leading Strategically Through Effective Vision and Mission

Exploring the External Environment: Macro Industry and Dynamics

Creating Business Strategies

Crafting Business Strategy of Dynamic Contexts

Developing Corporate Strategy

Looking at International Strategies

Understanding Alliances and Cooperative Strategies

Studying Merges and Acquisitions

Organizational Structure, Systems, and Processes

Considering New Ventures and Corporate Renewal

Corporate Governance in the Twenty-First Century

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