1. Above-average returns are: Show
3. The strategic management process is All of the following are assumptions of the industrial organization (I/O) model EXCEPT All of the following are assumptions of the resource-based model EXCEPT In the resource-based model, which of the following factors would be considered a key to organizational success? All of the following are resources of an organization EXCEPT The resource-based model of the firm argues that The goal of the organization's ____ is to capture the hearts and minds of employees, challenge them, and evoke their emotions and dreams. A firm's mission The environmental segments that comprise the general environment typically will NOT include An analysis of the economic segment of the external environment would include all of the following
EXCEPT Product differentiation refers to the: Which of the following is NOT an entry barrier to an industry? Switching costs refer to the: New entrants to an industry are more likely when (i.e., entry barriers are low when...) Suppliers are powerful when: The
highest amount a firm can charge for its products is most directly affected by All of the following are forces that create high rivalry within an industry EXCEPT According to the five factors model, an attractive industry would have all of the following characteristics EXCEPT: Internal analysis enables a firm to determine what the firm An external analysis enables a firm to determine what the firm ____ is/are the source of a firm's ____, which is/are the source of the firm's ____. In the airline industry, frequent-flyer programs, ticket kiosks, and e-ticketing are all examples of capabilities that are Compared to tangible resources, intangible resources are Which of the following is a true statement about capabilities? To be a core competency, a capability must satisfy all of
the following criteria EXCEPT: Capabilities that other firms cannot develop easily are classified as Costly-to-imitate capabilities can emerge for
all of the following reasons EXCEPT Gamma, Inc., has struggled for industry dominance with Ardent, Inc., its main competitor, for years. Gamma has gathered and analyzed large amounts of competitive intelligence about Ardent. It has observed as much of the firm's internal functioning and technology as it
can legally, yet Gamma cannot understand why ABC has a competitive advantage over it. The source of ABC's success is Firms that achieve competitive parity can expect to: Business-level strategies detail commitments and actions taken to provide value to customers and gain competitive advantage by exploiting core competencies in The three dimensions of a firm's
relationships with customers include all the following EXCEPT The effectiveness of any of the generic business-level strategies is contingent upon Business-level strategies are concerned specifically with: A cost leadership strategy targets the industry's ____ customers. When the costs of supplies increase in an industry, the
low-cost leader When a product's unique attributes provide value to customers, the firm is implementing A company pursuing a differentiation or focused differentiation strategy would T or F? A firm using a differentiation strategy can charge a premium price. A differentiation strategy can be effective in controlling the power of substitutes in an industry because The typical risks of a differentiation strategy do NOT include which of the following? Competitive rivalry has the most effect on the firm's ____ strategies than the firm's other strategies. Multimarket competition occurs when firms Competitive dynamics
refers to the Firms with few competitive resources are more likely Which
of the following would be an example of a strategic action? The chief disadvantage of being a first mover is the On the whole there are more competitive responses to Competitors are more likely to respond to competitive actions that are taken by Ninety percent of Wm. Wrigley Company's total revenue comes from chewing gum. This is an example of All competitive advantages do not accrue to large sized firms. A major advantage of smaller firms is that they Which is not included in the three dimensions in the relationship with customers of a firm?The three dimensions of a firm's relationships with customers include all the following EXCEPT: a. exclusiveness.
Which of the following dimensions of a firm's relationships with customers is concerned with its access and connection to customers?The reach dimension of relationships with customers is concerned with a firm's access and connection to customers. In general, firms seek to extend their reach, adding customers in the process of doing so.
What does the richness dimension of relationships with customers refers?Richness, the second dimension of firms' relationships with customers, is concerned with the depth and detail of the two-way flow of information between the firm and the customer.
What should the firm determine when selecting a business level strategy?In terms of customers, when selecting a business-level strategy the firm determines who will be served, what needs those target customers have that it will satisfy, and how those needs will be satisfied.
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