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Exam 4: Internal Analysis: Resources, Capabilities, and Core Competencies

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Question 21

Multiple Choice

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If a resource is common

A) competitive advantage will persist with one firm for a long period of time.
B) it will result in perfect competition.
C) it will result in greater resource immobility.
D) competitive parity will cease to exist.

E) C) and D)
F) All of the above

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Question 22

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Which of the following is an example of a firm's resources?

A) routine activities like order taking and invoicing customers, performed in a firm
B) assistance available from the government in the form of rules and regulations
C) assets such as land and buildings owned by a firm
D) liabilities such as bills payables and short-term debts

E) A) and B)
F) B) and D)

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Question 23

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Although True Ion Inc.and One Electro Inc.operate in the same consumer electronic industry,True Ion Inc.has better sales and brand equity.This is attributed to True Ion Inc.'s commitment to innovation.The company has adequate financial and human capital to invest in research and development,an area in which One Electro Inc.lacks.In this scenario,which of the following critical assumptions of the resource-based view of a firm has been illustrated?

Organizational and managerial skills that find their expression in a company's structure,routines,and culture are referred to as

Which of the following provides an example of how a firm's valuable resource can be imitated?

Which of the following best explains why IBM has been able to maintain its competitive advantage?

_____ describes a process in which the options one faces in a current situation are limited by decisions made in the past.

According to the VRIO framework,a firm can gain a competitive advantage if it has resources that are _____ and captured by an organized firm.

Due to path dependence

Value Autos Inc.has been trying to directly copy the strategies of Honk Autos Inc.Even though it is evident that Honk Autos Inc.'s success comes from its just-in-time inventory system,Value Autos Inc.has not been able to effectively apply the system in the same way.This is because the organizational structures,employees,cultures,and the overall business systems of both the companies vary from each other.Which of the following barriers to imitation does this scenario best illustrate?

Dynamic capabilities are especially relevant for surviving and competing in markets that

To make the SWOT analysis an effective management tool,a strategist must first

Crystal Tech Inc.'s competency in designing and manufacturing efficient microprocessors has made its laptops the most advanced computers in the market.This competency,along with the just-in-time manufacturing system,has enabled Crystal Tech Inc.to increase its profitability by lowering its production costs.Thus,Crystal's competency in designing and manufacturing microprocessors will be considered a(n) _____ resource in the VRIO framework.

Creating resources that meet the VRIO criteria is strategically important to a firm because it

Pulse Mobiles Inc.is a cell phone manufacturing company.Its latest range of smartphones bears a straight resemblance to the Y-series range of smartphones from Talkie Gen Inc.,in terms of its shape and look-and-feel.Which of the following strategies has Pulse Mobiles Inc.used to replicate the valuable and rare resource of Talkie Gen Inc.?

Otion Inc.is a relatively new firm in the consumer electronics industry.The company's primary objective is to become the market leader in less than 5 years,for which it has to gain and sustain a competitive advantage.In the context of the VRIO framework,which of the following resources should Otion Inc.primarily focus on to achieve its objective?

GN Corp.and BC Inc.are two competing firms in the same industry.GN Corp.'s tangible assets are valued at $15 billion and its intangible assets are valued at $35 billion.BC Inc.'s tangible assets are valued at $5 billion and its intangible assets are valued at $45 billion.What can be concluded from this information?

Which of the following is an example of a firm's intangible resources?

In the context of SWOT analysis,a firm can develop an offensive strategic option primarily by

According to the value chain analysis,which of the following is a primary activity?