Chapter 4 pt 2 quiz

which of the following is an example of a firm's resources

assets such as land & buildings owned by a firm

which of the following is an accurate statement about value chain analysis

the value chain can be applied to all firms, including service firms

GreenHarvest Inc. has used $350,000 from its total annual earnings of $1,250,000 to invest in the research and development of a multi-purpose vaccine. Its account receivable from customers is estimated to be $150,000 and accounts payable $80,000. In monetary terms, what would GreenHarvest Inc.'s resource flows be?

350,000

The share price of Groupon, a daily-deal website, fell by 90 percent just a year after its successful initial public offering. The firm was not able to sustain its competitive advantage because of the emergence of other daily-deal sites that were able to better serve the needs of local markets and specific population groups. Which of the following is the most accurate inference from this example?

Groupon's competency was not hard to imitate

Which of the following statements fails to bring out the essence of the dynamic capabilities perspective

a firm's competitive advantage is derived from static resources or market advantages

Which of the following is a drawback in of the SWOT analysis

a problem with this framework is that a strength can also be a weakness, and that an opportunity can also simultaneously be a threat

The perfectly competitive industry structure differs from the resource-based model in its view that

all firms have access to the same resources

In the context of SWOT analysis, which of the following best exemplifies a firm's external opportunities

an increase in its customers' disposable

Coral Think Inc. is a new company in the publishing industry. It has raised sufficient capital from multiple sources. It is planning to use its capital to purchase certain assets. Which of the following assets will be the most difficult for Coral Think Inc. to acquire using its capital?

brand name

In the context of the SWOT analysis, which of the following best exemplifies a firm's internal weaknesses

decline in the firms market share

In the context of the SWOT matrix, which of the following best exemplifies a firm's internal strength

increase in a firm's customer loyalty

Given the accelerated pace of technological change, in combination with deregulation, globalization, and demographic shifts, a firm will only be successful today if its

internal strengths change with its external environment in a dynamic fashion.

Which of the following statement accurately describes a firm's resource flow

it is the firm's level of investments to maintain or build a resource

which of the following is an implication of high employee turnover in a company

it results in a reduction in the company's intangible resource stocks

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

shifts quickly

An observer may conclude that the organizational culture of Zappos, an online retailer for shoes and clothing, might be the basis for its competitive advantage. However, reverse social engineering to crack Zappos' code of success might be much more difficult for a company trying to exactly imitate its strategy. Thus, the source of Zappos competitive advantage is said to be

socially complex