Question 1

A resource or capability is said to be ____________ if it allows the firm to exploit opportunities or negate threats in the environment.

Accepted Answer

The answer of A resource or capability is said to...

Question 2

How has Walgreens used its core competencies to provide value to its customers?

Accepted Answer

The answer of How has Walgreens used its core competencies...

Question 3

How did XEROX prove unable to exploit its innovative resources?

Accepted Answer

The answer of How did XEROX prove unable to exploit...

Question 4

Why is a firm that possesses valuable resources that are not rare not in a position of advantage relative to competitors?

Accepted Answer

The answer of Why is a firm that possesses valuable...

Question 5

Critical to the forming of competitive advantages, _______________ are often based on developing, carrying, and exchanging information and knowledge through the firm's human capital.

Accepted Answer

The answer of Critical to the forming of competitive advantages,...

Question 6

The particular bundles of resources and capabilities that provide unique advantages to the firm are considered ___________________.

Accepted Answer

The answer of The particular bundles of resources and capabilities...

Question 7

A useful tool for taking stock of organizational capabilities is the ______________.

Accepted Answer

The answer of A useful tool for taking stock of...

Question 8

In the value chain, which of the following activities is deemed to add direct value to a firm?
A) Strategic Planning
B) Recruitment
C) Service
D) Procurement

Accepted Answer

Service is the direct activity that adds value to a firm by providing a product or service to customers. Strategic planning, recruitment, and procurement are important support activities, but they do not directly add value to the final product or service.

Question 9

The VRIO criterion that determines whether a resource or capability is the source of competitive advantage recognized that the firm must have the _______________ capability to exploit the resources.

Accepted Answer

The answer of The VRIO criterion that determines whether a...

Question 10

A resource that is difficult to imitate, or create ready substitutes for is called ________________.

Accepted Answer

The answer of A resource that is difficult to imitate,...

Question 11

The oil refiners are upstream of the oil producers.

Accepted Answer

The oil refi ners are downstream of the oil producers

Question 12

Compared with the industry environment, the general environment has a more direct effect on the firm's strategic competitiveness and above-average returns.

Accepted Answer

Compared with the general environment, the industry environment has a more direct effect on the firm's strategic competitiveness and above-average returns

Question 13

How has Amazon.com created competitive advantage?

Accepted Answer

The answer of How has Amazon.com created competitive advantage?...

Question 14

The firm's capacity to deploy resources that have been purposely integrated to achieve a desired end state are called _____________.

Accepted Answer

The answer of The firm's capacity to deploy resources that...

Question 15

To help them develop an environment in which knowledge is widely spread across all employees, some organizations have created the new upper-level managerial position of __________________.

Accepted Answer

The answer of To help them develop an environment in...

Question 16

______________ are assets that can be seen and quantified.

Accepted Answer

The answer of ______________ are assets that can be seen...

Question 17

A firm's tangible resource includes which of the following?
A) Knowledge
B) Capacity for innovation
C) Organizational routines
D) Production equipment

Accepted Answer

Production equipment is a tangible resource as it can be physically touched and seen. Knowledge, capacity for innovation, and organizational routines are intangible resources.

Question 18

_____________ include assets that are deeply rooted in the firm's history and have accumulated over time.

Accepted Answer

The answer of _____________ include assets that are deeply rooted...

Question 19

A company's value derives not from things, but from ____________.

Accepted Answer

The answer of A company's value derives not from things,...

Question 20

Core competencies are resources and capabilities that serve as a source of a firm's __________ over rivals.

Accepted Answer

The answer of Core competencies are resources and capabilities that...

Quiz 5: Global and Regional Economic Cooperation and Integration