Question 1

External threats may pose various degrees of adversity upon the company and can surface from many sources and examples,EXCEPT for:

Accepted Answer

Higher overall unit costs relative to those of key competitors is a weakness and not an external threat to a company's future profitability and well-being.

Question 2

The market opportunities most relevant to a particular company are those that:

Accepted Answer

The market opportunities most relevant to a company are those that match up well with the company's competitive assets, offer the best prospects for growth and profitability, and present the most potential for competitive advantage.

Question 3

A core competence:

Accepted Answer

A core competence is a proficiently performed internal activity that is central to a company's strategy and competitiveness.

Question 4

A company's resource weaknesses can relate to all of the following EXCEPT:

Accepted Answer

Resources and capabilities that are valuable and rare are strengths, not weaknesses for a company.

Question 5

Which of the following is NOT an example of a threat to a company's future profitability and well-being?

Accepted Answer

The lack of a well-known brand name with which to attract new customers and help retain existing customers is a weakness and not an external threat to a company's future profitability and well-being.

Question 6

When a company has a proficiency in performing a strategically and competitively important value chain activity better than its rivals,it is said to have:

Accepted Answer

A distinctive competence is a competitively important activity that a company performs better than its rivals-it thus represents a competitively superior internal strength.

Question 7

Which of the following is NOT accurate as concerns a distinctive competence?

Accepted Answer

A distinctive competence is a competitively important activity that a company performs better than its rivals-it thus represents a competitively superior internal strength.

Question 8

Which of the following does NOT represent a potential core competence?

Accepted Answer

A core competence is a proficiently performed internal activity that is central to a company's strategy and competitiveness

Question 9

One of the most telling signs of whether a company's market position is strong or precarious is:

Accepted Answer

For managers, the key is to keep close track of how cost effectively the company can deliver value to customers relative to its competitors. If it can deliver the same amount of value with lower expenditures (or more value at the same cost), it will maintain a competitive edge.

Question 10

Which of the following is NOT an example of an external threat to a company's future profitability?

Accepted Answer

The lack of a distinctive competence is a weakness and not an external threat to a company's future profitability.

Question 11

Which of the following is NOT something that can be gleaned from a company's SWOT?

Accepted Answer

How to turn a core competence into a distinctive competence is not something that can be gleaned from a company's SWOT.

Question 12

The payoff of doing a thorough SWOT analysis is:

Accepted Answer

SWOT analysis is a simple but powerful tool for sizing up a company's strengths and weaknesses, its market opportunities, and the external threats to its future well-being. Basing a company's strategy on its most competitively valuable strengths gives the company its best chance for market success.

Question 13

Two analytical tools useful in determining whether a company's prices and costs are competitive are:

Accepted Answer

Two analytic tools are particularly useful in determining whether a company's costs and customer value proposition are competitive: value chain analysis and benchmarking.

Question 14

A core competence:

Accepted Answer

A core competence is a proficiently performed internal activity that is central to a company's strategy and competitiveness.

Question 15

In doing SWOT analysis and trying to identify a company's market opportunities,which of the following is NOT an example of a potential market opportunity that a company may have?

Accepted Answer

Growing buyer preferences for substitutes for the industry's product is a potential external threat and not a potential market opportunity.

Question 16

The difference between a core competence and a distinctive competence is that:

Accepted Answer

Core competence is an activity that a company performs proficiently and that is also central to its strategy and competitive success. A distinctive competence is a competitively important activity that a company performs better than its rivals-it thus represents a competitively superior internal strength.

Question 17

The external market opportunities which are MOST relevant to a company are the ones that:

Accepted Answer

The market opportunities most relevant to a company are those that match up well with the company's competitive assets, offer the best prospects for growth and profitability, and present the most potential for competitive advantage.

Question 18

The three main areas in the value chain where significant differences in the costs of competing firms can occur include:

Accepted Answer

A company's cost competitiveness depends not only on the costs of internally performed activities (its own value chain) but also on costs in the value chains of its suppliers and distribution channel allies.

Question 19

When a company performs a particular competitively important activity truly well in comparison to its rivals,it is said to have:

Accepted Answer

A distinctive competence is a competitively important activity that a company performs better than its rivals-it thus represents a competitively superior internal strength.

Question 20

In doing SWOT analysis,which of the following is NOT an example of a potential resource weakness or competitive deficiency that a company may have?

Accepted Answer

Having a single, unified functional strategy instead of several distinct functional strategies is not a company weakness.

Quiz 4: Evaluating a Companys Resources, Capabilities,and Competitiveness

External threats may pose various degrees of adversity upon the company and can surface from many sources and examples,EXCEPT for:

The market opportunities most relevant to a particular company are those that:

A core competence:

A company's resource weaknesses can relate to all of the following EXCEPT:

Which of the following is NOT an example of a threat to a company's future profitability and well-being?

When a company has a proficiency in performing a strategically and competitively important value chain activity better than its rivals,it is said to have:

Which of the following is NOT accurate as concerns a distinctive competence?

Which of the following does NOT represent a potential core competence?

One of the most telling signs of whether a company's market position is strong or precarious is:

Which of the following is NOT an example of an external threat to a company's future profitability?

Which of the following is NOT something that can be gleaned from a company's SWOT?

The payoff of doing a thorough SWOT analysis is:

Two analytical tools useful in determining whether a company's prices and costs are competitive are:

A core competence:

In doing SWOT analysis and trying to identify a company's market opportunities,which of the following is NOT an example of a potential market opportunity that a company may have?

The difference between a core competence and a distinctive competence is that:

The external market opportunities which are MOST relevant to a company are the ones that:

The three main areas in the value chain where significant differences in the costs of competing firms can occur include:

When a company performs a particular competitively important activity truly well in comparison to its rivals,it is said to have:

In doing SWOT analysis,which of the following is NOT an example of a potential resource weakness or competitive deficiency that a company may have?