Organizational Strategy Midterm Questions

The Toronto Blue Jays are segmenting their consumers to see who would have the highest willingness to pay for seats at the Game 7 World Series Game. Which consumer would have the highest willingness to pay? 1. A baseball collector that has a major collection of the Blue Jays. 2. A CEO who is looking to take his kids out. 3. A person who is looking for a fun first date idea. 4. A college student who loves baseball

1. A baseball collector that has a major collection of the Blue Jays.

Which one of these scenerios is an example of better expectations of future values 1. A company 30 years ago invests in green energy 2. A company times the release of a new product in september 3. Two companies interact to create a new possibility 4. A company has a new technology only available to a few

1. A company 30 years ago invests in green energy

What does the term 'red ocean' refer to? 1. A market where businesses compete intensley 2. A new market with little to no competitors 3. A market where products are priced extremely high compared to all competitors 4. Both B and C

1. A market where businesses compete intensley

Which of the following is an example of the strategic element of vehicles as part of the strategy diamond? 1. A pharmaceutical corporation acquiring a drug company to sell their product 2. A sportswear company launching an ad campaign targeting high-performance athletes 3. A clothing brand offering lifetime warranties on their products with free repairs 4. A plant retailer developing an e-Commerce storefront

1. A pharmaceutical corporation acquiring a drug company to sell their product

Which of the following is an example of the strategic element of vehicles as part of the strategy diamond? 1. A pharmaceutical corporation acquiring a drug company to sell their product 2. A sportswear company launching an ad campaign targeting high-performance athletes 3. A clothing brand offering lifetime warranties on their products with free repairs 4. A plant retailer developing an e-Commerce storefront option

1. A pharmaceutical corporation acquiring a drug company to sell their product

Which example best illustrates the most integrated a company can be when looking to make-buy products? 1. An activity that the company decides to do in house. 2. A activity that the company decides to contract another company to provide them will the product 3. The company deciding to enter a joint venture with another company 4. The company deciding to enter a equity alliances with another company

1. An activity that the company decides to do in house.

Target offers extremely competitive prices, but also offers products from trendy designers unlike other retailers. Which of the generic competitive strateiges are they using? 1. Best-Cost Provider 2. Low-Cost Provider 3. Broad-Differentiation 4. Focused-Low Cost

1. Best-Cost Provider

Jaime is grocery shopping and cares a lot about eating organic and healthy! She should look for a _________, __________. 1. USDA Organic symbol, Certification 2. Rugmark symbol, made in India by Ikea 3. FSC, Certification 4. Energy Star, Sticker

1. USDA Organic symbol, Certification

Which of the following is NOT a primary question a firm might ask itself when making the decision of Make vs. Buy? 1. Will our competitors feel threatened by our decision to make/buy? 2, Can we be among the best in the world at this? 3. Do we have the ability to put the right amount of focus on this activity? 4. To what extent can we improve coordination through ownership?

1. Will our competitors feel threatened by our decision to make/buy?

Consider this external factor: Canada has recently relaxed their guidelines, increasingly permitting distribution of genetically modified food products. To which of the PEST-DG components does this factor relate? 1.Political 2. Economic 3. Social 4. Technology

1.Political

Which one best illustrates creating value? 1. A company lowering the price of a product and removing some favourable features for consumers. 2. A company raising cost for R&D, which allows thems to lower price and increase the number of benefits for Consumers. 3. A company increasing price to increase profits. 4. A company works on their existing product to increase the number of benefits for consumers.

2. A company raising cost for R&D, which allows thems to lower price and increase the number of benefits for Consumers.

Which of the following would NOT be part of the E (economic) section of a PESTEL analysis? 1. Inflation rates rising steadily over the last 3 years, leadingto price increases and decreased spending in a market. 2. Average disposable income of a target market. 3. Interest rates declining, affecting how much a company will be paying on it's long-term debt. 4. New tax policies coming into affect next year, which will change the way a company reports it's earnings.

4. New tax policies coming into affect next year, which will change the way a company reports it's earnings.

Which of the following competitive strategies focuses on offering unique products or services to a specific market segment? 1. Overall low cost provider strategy 2. Broad differentiator strategy 3. Focused low cost strategy 4. Focused differentiation strategy

4. Focused differentiation strategy

Which of the following is the strategy that would result in the most control held by the parent company on the make vs. buy scale? 1. Equity alliance 2. Short-term contract 3. Market transactions 4. Franchising

4. Franchising

Which of the following is NOT an advantage to creating a "fighting brand"? 1. Protects consumer notions of original product. 2. Can open up a new, previosuly untapped market. 3. Eliminating lower-priced competitors. 4. Higher profit margins on "fighting brand" products.

4. Higher profit margins on "fighting brand" products.

What is the importance of an accreditation? 1. Evaluates the readiness of firms to enter the market 2. Demonstrates that a product or service meets specific requirements 3. International listing that ranks firms by number of certifications obtained 4. Sets a standard that holds firms to international operating standard

4. Sets a standard that holds firms to international operating standard

Why might a firm like IKEA choose not to backwards intergrate into their supply chain to manufacture curtains for example? 1. To diversify product offerings and have more control 2. So they can eliminate the need for supplier relationships 3. To comply with certain government regulations in a particular country 4. So they can stay focused on their core competencies and avoid managing many activities

4. So they can stay focused on their core competencies and avoid managing many activities

Lululemon has designed their patented Allign fabric leggings and is a leader in the althletic clothing space. Their Allign fabric leggings are popular due to their texture, performance, and comfort. Their fabric and promise of high-quality goods are due to their patents and years of research. When we look at the VIRO framework, Lululemon has a 1. Disadvantage 2. Parity 3. Temporary Advantage 4. Sustained Advantage

4. Sustained Advantage

Ryan has a dream of starting his own airline company but because of the high capital requirements, he chooses not to follow this dream. Based on this information, what would be an accurate way to describe the airline industry? 1. The industry has a high threat of new entrants 2. In this industry, buyers have a lot of power 3. In this industry, buyers have little power 4. The industry has a low threat of new entrants

4. The industry has a low threat of new entrants

Why is it important to distinguish between those who fund and those who benefit from a non profit organization? 1. To maximize profit for non-profit organizations 2. To ensure that the beneficiary groups receive equal funding 3. To comply with government regulations 4. To understand the dynamics of funding and impact in non profit organizations

4. To understand the dynamics of funding and impact in non profit organizations

Why is it important to distinguish between those who fund and those who benefit from a non profit organization? 1. To maximize profit for non-profit organizations 2. To ensure that the beneficiary groups receive equal funding 3. To comply with government regulations 4. To understand the dynamics of funding and impact in non profit organizations

4. To understand the dynamics of funding and impact in non profit organizations

Which of the following are not examples of Strategic alliances? 1. Joint ventures 2. equity alliances 3. licensing agreements 4. none of the above

4. none of the above

Sandy's Scarfs is known for selling high quality silk scarfs. In order to cut costs and gain revenue, they decide to use a cheaper fabric and keep the price of their scarfs the same. Sales drop tremendously, what happened to Sandy's Scarfs? 1. They gained a competitive advantage 2. They are now a low cost leader 3. they have a differentation focus 4. they are stuck in the middle

4. they are stuck in the middle

High levels of rivalry is most likely to lead to which of the following: 1. A reduction in the profit potential of an industry 2. An increase in the profit potential of an industry. 3. A reduction in the demand for goods/services. 4. An increase in the demand for goods/services.

A reduction in the profit potential of an industry

2. In a highly competitive smartphone industry, Apple, Samsung, Nokia and Huwawei all vying for market dominance. Which of the following factors may contribute to increased rivalry among competitors in this industry? 1. All 4 companies have really close market shares thus they all aggressively compete on product prices. 2. One of the companies invests a lot in R&D which leads to breakthrough, state-of-the-art technology and product launches. 3. One of the companies form really good relationships with its suppliers which allows for less cost of production. 4. Samsung, Nokia and Huwawei expand their product line to include computers as well.

All 4 companies have really close market shares thus they all aggressively compete on product prices.

4. What is the potential risk when a company attempts to pursue both cost leadership and product differentiation strategies simultaneously, without excelling at either? 1. Increased market share and competitiveness. 2. A clear and distinct strategic focus. 3. Achieving a competitive advantage in both areas. 4. Being "stuck in the middle," resulting in a strategic muddle and inefficiency.

Being "stuck in the middle," resulting in a strategic muddle and inefficiency.

In a SWOT analysis for Ford, which of the following is an opportunity? 1. Ford can develop more electric vehicle models. 2. Consumers respond well to digital marketing, especially in the automotive industry 3. The potential to partner with Walmart for grocery delivery services. 4. Ford could be a leader in creating self-driving cars.

Consumers respond well to digital marketing, especially in the automotive industry

Intended strategies break into which two types of strategies? 1. Non-Realized and Realized Strategies 2. Deliberate Strategies and Non-Realized Strategies 3. Emergent Strategies and Non-Realized Strategies 4. Only Realized Strategies

Deliberate Strategies and Non realized Strategies

What is the assumption of "resource heterogeneity" in the context of the VRIO Framework? 1. All firms have the same resource and capabilities 2. Firms differ in their bundles of resources and capabilities 3. Firms cannot change or modify their resources 5. Resources are easily transferable between firms

Firms differ in their bundles of resources and capabilities

A manufacturing company is considering implementing a "Best Cost Provider" strategy. Which of the following options is an example of how they could reduce costs while still offering a unique and different product or service? 1. Investing in advanced online systems and technology for better customer engagement 2. Choosing a low-cost distribution method to reach customers more efficiently 3. Lowering the quality of components used in their product to cut production costs 4. Focusing on advertising and pricing strategies to influence customer willingness to pay

Focusing on advertising and pricing strategies to influence customer willingness to pay

Which of the following products is NOT an example of a disruptive innovator? 1. The iPad (to replace laptops) 2. Digital cameras (to replace film cameras) 3.The iPod (to replace CDs, cassettes, & vinyls) 4. Iced coffee (to replace hot coffee)

Iced coffee (to replace hot coffee)

ABC. Attire is a clothing company with a longstanding reputation for delivering high-quality, stylish clothing. In recent years, they have decided to enhance their position in the fashion market. They offer a wide range of clothing options, from affordable everyday wear to exclusive designer collections. Based on their approach, which of the following strategies are they most likely employing? 1. Broad Differentiation Strategy 2. Focused Low - Cost Strategy 3. Focused Differentiation Strategy

1. Broad Differentiation Strategy

In the context of a 'make or buy' decision, a manufacturing company with advanced technical expertise is deliberating whether to produce a specialized component in-house or to outsource it to a supplier. Their concern is centered around whether their expertise allows them to excel in manufacturing this component. Which factor among the 'make or buy' considerations is their primary focus in this scenario? 1. Capabilites 2. Coordination 3. Control 4. Flexibility

1. Capabilites

If an information security company demonstrates a high level of competence and commitment to protecting critical information assets and obtains the "Certified Information Systems Security Professional (CISSP)", what would this be considered? 1. Certification 2. Joint Venture 3. Accreditation 4. Vertical Integration

1. Certification

If an information security company demonstrates a high level of competence and commitment to protecting critical information assets and obtains the "Certified Information Systems Security Professional (CISSP)", what would this be considered? 1. Certification 2. Joint Venture 3. Accreditation 4. Vertical Integration

1. Certification

Phone Corp. specializes in manufacturing and selling high-quality smartphones and mobile devices. They are currently considering their options regarding the production of a critical component for their latest smartphone model. Which of the following would be the BEST avenue to pursue? 1. Collaborate with RedCorp, a Chinese supplier who upholds ethical labor practices, in the production of the component and pays their employees a livable wage 2. Outsource the production of the critical componen

1. Collaborate with RedCorp, a Chinese supplier who upholds ethical labor practices, in the production of the component and pays their employees a livable wage

Which of these is always an advantage of making vs buying 1. Control 2. Focus 3. Flexibility 4. Cost

1. Control

Until recently, Apple outsourced many of its chips to other companies. Apple executives decided that designing their own chip would enhance the quality of their product design as well as the speed of their manufacturing. This decision primarily exemplifies which factor in the make-versus-buy dilemma: 1. Coordination 2. Flexibility 3. Capabilities 4. Focus

1. Coordination

What is an example of a Blue Ocean Strategy? 1. Kiersten sells hot dogs but observes there are no vegetarian alternatives so she sells veggie hot dogs. 2. Alyssa sees that cell phone cases are very popular so she decides to sell some. 3. Ella's neighbour owns a home-made shampoo business so she decides to help out. 4. Kellie has never owned a business before but decides to open a restaurant in a food court.

1. Kiersten sells hot dogs but observes there are no vegetarian alternatives so she sells veggie hot dogs.

Ford is a large organization with over 430 dealers across Canada. The Ford Edge is part of the SUV segment and is manufactured in Oakville, Ontario. If we look at Porter's, this industry has: 1. Low threat of new entrants and low buyer power 2. High threat of new substitutes and high buyer power 3. Low competitive rivalry and low buyer power 4. High supplier power and low threat of new substitutes

1. Low threat of new entrants and low buyer power

A company that has a presence in a broad range of markets that also focuses on creating value through low costs is a... 1. Overall low cost provider strategy 2. Broad differentiation strategy 3. Focused differentiation strategy 4. Focused low cost strategy

1. Overall low cost provider strategy

A company that has a presence in a broad range of markets that also focuses on creating value through low costs is a... 1. Overall low-cost provider strategy 2. Broad differentiation strategy 3. Focused differentiation strategy 4. Focused low-cost strategy

1. Overall low-cost provider strategy

Which of these strategies does walmart employ 1. Overall low-cost provider strategy 2. Broad differentiation strategy 3. Focused low cost strategy 4. Focused differentiation strategy

1. Overall low-cost provider strategy

Which of these 5Ps is the ESSENCE of strategy? 1. PLAN 2. PLOY 3. POSITION 4. PERSPECTIVE

1. PLAN

Which of the following measures would you prioritize LEAST to create the BEST value supply chains to enhance your competitive advantage in CUSTOMER SATISFACTION? 1. Speed 2. Quality 3. Cost 4. Flexibility

1. Speed

Which one of these examples best illustrates a High bargaining power for buyers? 1. The products that are available for the buyer to buy are undifferentiated 2. There is only one shop that sells the product needed for the company 3. The buyer can receive a high cost for switch products. 4. The buyer has a low brand identity.

1. The products that are available for the buyer to buy are undifferentiated

Which statement is FALSE about non-profit organizations? 1. Their customers are those who fund their missions. 2. Non-profit organizations have to compete as hard as businesses to achieve their missions. 3.Their product is what financial supporters fund, which are their missions. 4. Their value proposition is the benefits and costs that their customers experience from their products and services.

1. Their customers are those who fund their missions.

Johnson starts a water bottle company, Waterfall, based in Hamilton, and is determining the company's mission and vision. Which of the following SMART goals would be LEAST effective for Waterfall to pursue? 1. To place a Waterfall water bottle made of 100% recycled plastic in the hands of every person in Hamilton by the end of the year. 2. To achieve a 15% market share among environmentally-conscious consumers aged 20-45 in the local Hamilton area by running green marketing campaigns over the

1. To place a Waterfall water bottle made of 100% recycled plastic in the hands of every person in Hamilton by the end of the year.

Which scenario best represents an organization successfully capitalizing on its VRI (Valuable, Rare, and Inimitable) resources and capabilities? 1. A company with a valuable patented technology that is widely used across the industry. 2. A company with a well-trained workforce, a resource that is common but has been nurtured to develop unique skills and expertise. 3. A company with a common resource, such as office space, which is easily replicable by competitors. 4. A company with abundant financial resources, allowing it to outspend competitors on marketing and advertising.

2. A company with a well-trained workforce, a resource that is common but has been nurtured to develop unique skills and expertise.

Which of the following events would be considered a secondary activity in a value chain analysis of McDonald's? 1. A shipment of baked goods arriving at a restaurant. 2. A new marketing program meant to inform customers of a new chicken sandwich. 3. A meeting between procurement staff and farmers to negotiate prices for potato shipments. 4. A cashier helping a customer place an order in restaurant.

2. A new marketing program meant to inform customers of a new chicken sandwich.

Which of the following companies are a good example of rivals? 1. Pizza Hut and McDonalds 2. Apple and Samsung 3. Starbucks and Booster Juice 4. Ford and Lamborgini

2. Apple and Samsung

How can political factors influence the pharmaceutical industry? 1. By determining the chemical composition of drugs 2. By impacting the pricing and reimbursement policies for pharmaceutical products 3. By dictating the clinical trial methodologies used by pharmaceutical companies 4. By mandating the expiration dates for pharmaceutical patents option

2. By impacting the pricing and reimbursement policies for pharmaceutical products

How can political factors influence the pharmaceutical industry? 1. By determining the chemical composition of drugs 2. By impacting the pricing and reimbursement policies for pharmaceutical products 3. By dictating the clinical trial methodologies used by pharmaceutical companies 4. By mandating the expiration dates for pharmaceutical patents

2. By impacting the pricing and reimbursement policies for pharmaceutical products

The ability to use advanced computer software to analyze market trends and make informed business decisions is considered a 1. Resource 2. Capability 2. Neither a resource nor a capability 3. Both a resource and a capability

2. Capability

Heather's Feathers is a Boa company that specialized in custom made Boa's that have different features such as glowing in the dark and electric warmers. Heather makes sure to form individual relationships with customers in order to supply the best service. What strategy is heather using from a value chain analysis persepective? 1. Cost Leadership Strategy 2. Differentiation Strategy 3. Operational Strategy 4. Best Cost Provider Strategy

2. Differentiation Strategy

Equifinality requires firms to follow the same path as competition in order to generate VRI resources and capabilities. 1.TRUE 2. FALSE

2. FALSE

What is the assumption of "resource heterogeneity" in the context of the VRIO Framework? 1. All firms have the same resource and capabilities 2. Firms differ in their bundles of resources and capabilities 3. Firms cannot change or modify their resources 4. Resources are easily transferable between firms

2. Firms differ in their bundles of resources and capabilities

When a business is determining whether they should make or buy their own products, the manager is debating whether the firm would have the resources and scale to do their own manufacturing, or if the firm would just be spreading itself too thin. What is the manager debating in regard to the make or buy decision? 1. Capabilities 2. Focus 3. Coordination 4. Control

2. Focus

Which one of the following is not a tangible resouce? 1. Capital 2. Intellectual property 3. Buildings 4. labour

2. Intellectual property

Amazon was able to anticipate the growing demand for e-commerce within the early 200s, and invested in their distribution network, as well as technological infrastructure early on. Which barrier to imitation does this strategic move represent? 1. Better expectations of future values 2. Path dependence 3. Causal ambiguity 4. Social complexity

2. Path dependence

A clothing retailer notices that one of its competitors is running a "Buy One, Get One Free" promotion on all denim products. In response, the retailer decides to launch a "Price-Match Guarantee" promotion for denim, where they promise to match the prices of their competitors on denim items. They believe this will not only retain existing customers but also attract new ones.Which of the 5 Ps of strategy is the clothing retailer applying in this situation? 1. Plan 2. Ploy 3. Pattern 4. Position

2. Ploy

James just started working at ABC inc., a company with a strong reputation in the consulting industry. During meetings, he repeatedly hears "To provide our clients with the highest quality solutions, we will research, analyze, and communicate effectively." What kind of statement is this? 1. Competitive Advantage 2. Statement Mission 3. Statement Vision 4. Statement Mission and Vision Statement

2. Statement Mission

Porter's Five Forces can be reshaped. Which party altercation includes the standardization of part specifications or the use of different technology? 1. Substitutes 2. Supplier Power 3. Buyer Power 4 .New Entrants

2. Supplier Power

Which of the following characteristic of buyers demonstrates Coca-Cola's ability to drive a hard bargain when purchasing common commodities such as sugar and corn syrup (HINT: one vendor's supply is identical to anothers)? 1. The buyer group is powerful; they face little or no switching costs in changing vendors. 2. The buyer group is powerful; the industry's goods/ services are standardized/ undifferentiated. 3. The buyer group is powerful; the good or service purchased is of limited imp

2. The buyer group is powerful; the industry's goods/ services are standardized/ undifferentiated.

High capital investment in the CSD industry is apart of which threat under Porter's 5 forces? 1. Threat of subsitutes 2. Threat of new entrants 3. Threat of technology 4. Threat of buyers

2. Threat of new entrants

Patagonia, a renowned outdoor apparel company, is known for its unique supply chain transparency. They have established a system that allows customers to trace the entire production process of each garment, from the origin of the materials to the final product. 1. Rare 2. Valuable 3. Inimitable 4. None of the above

2. Valuable

XYZ corporation, a widgets manufacturer, is conducting an analysis of the industry and macroenvironment using Porter's 5 Forces and PESTEL. Which one of the following questions would NOT be able to be answered by either model? 1. How does XYZ Corporation's market share compare to its competitors'? 2. What is the level of customer satisfaction with XYZ Corporation's widgets? 3. Are there any substitute products for XYZ Corporation's widgets available in the marketplace? 4. What recent technol

2. What is the level of customer satisfaction with XYZ Corporation's widgets?

A manufacturing company is considering implementing a "Best Cost Provider" strategy. Which of the following options is an example of how they could reduce costs while still offering a unique and different product or service?: 1. investing in advanced online systems and technology for better customer engagement 2. choosing a low-cost distribution method to reach customers more efficiently 3. lowering the quality of components used in their product to cut production costs 4. focusing on advertin

2. choosing a low-cost distribution method to reach customers more efficiently

Why might a company not want to use the differentiation strategy? 1. Loss of cost advantage 2. There are too many ways to differentiate 3. A too-high price premium 4. Loss of focus on customer

3. A too-high price premium

In the vehicle manufacturing industry, which of the following factors is represented by the presence of established, loyal customer bases for brands like GMC and Ford, making it difficult for new entrants to gain market share? 1. The threat of disruptive technologies 2. The influence of upstream suppliers 3. Bargaining power of buyers 4. The emergence of substitute transportation options

3. Bargaining power of buyers

ABC Company operates in a highly competitive market with several established competitors. It has limited resources and aims to achieve a competitive advantage. The company's leadership believes that their target market segment values unique and premium features. Which of the following generic strategies would be MOST effective for the organization to pursue? 1.Overall low-cost provider 2.Focused low-cost strategy 3. Broad differentiation 4. Focused differentiation

3. Broad differentiation

Medusa has started a concrete business where she turns things to stone using the powers of her eyes. She is the only one in the world with this power. What are the competitive implications of this resource? 1. Disadvantage 2. Sustained Advantage 3. Competitive Parity 4. Temporary Advantage

3. Competitive Parity

Which of the following is the best representation of the "Bargaining Power of Buyers" in Porter's Five Forces framework in the context of the automotive industry? 1. Automotive vehicle manufacturers investing in R&D to create innovative vehicle designs 2. The Government introducing tax rebates for purchasing electric vehicles. 3. Dealerships negotiating for lower vehicle prices from car manufacturers. 4. The industry facing increased competition from startups entering the market with disruptive technologies.

3. Dealerships negotiating for lower vehicle prices from car manufacturers.

A PESTEL analysis would NOT include the following: 1. Considering the laws and regulations of a country 2. Evaluating the new technologies present in the industry 3. Evaluating the size and power of competitors in the industry 4. Considering consumer preferences and trends

3. Evaluating the size and power of competitors in the industry 4.

When conducting a value chain analysis for a company following a Best Cost Provider strategy, which of the following is a key consideration to avoid being "stuck in the middle"? 1. Prioritizing differentiation in all value chain activities. 2. Pursuing cost reduction at the expense of product quality. 3. Identifying activities that drive both cost reduction and customer value. 4. Emphasizing innovation in marketing and branding efforts.

3. Identifying activities that drive both cost reduction and customer value.

Which of the following scenarios best illustrates the concept of willingness to pay? 1. The price of a popular smartphone is set at $1000 and costs the manufacturer $600 to produce. 2. A grocery store offers a 10% student discount on tuesdays in order to incentivize frequent grocery trips. 3. In a trendy urban neighborhood where customers regularly pay a premium for specialty brews, a coffee shop charges $6 for a cup of premium coffee. 4. An online retailer offers a 50% discount on winter jack

3. In a trendy urban neighborhood where customers regularly pay a premium for specialty brews, a coffee shop charges $6 for a cup of premium coffee.

Why did the company Target fail when entering the Canadian market? 1. It failed to offer products that have low enough costs to achieve a cost leader stratgey 2. It failed to offer products that were different enough to achieve a differentiation stategy 3. It got "stuck in the middle" 4. It failed to create enough willingness to pay among its consumers

3. It got "stuck in the middle"

Which of the following is NOT a risk associated with the Cost leadership Startegy 1. Losing cost advantage 2. Less focus on the customer 3. Items become too expensive 4. Imitation and price wars

3. Items become too expensive

What type of VRI resource contributes significantly to Apple Inc.'s competitive advantage? 1. Abundant natural resources 2. Generic manufacturing facilities 3. Proprietary operating systems (iOS and macOS) 4. Standard office equipment option

3. Proprietary operating systems (iOS and macOS)

What type of VRI resource contributes significantly to Apple Inc.'s competitive advantage? 1. Abundant natural resources 2. Generic manufacturing facilities 3. Proprietary operating systems (iOS and macOS) 4. Standard office equipment

3. Proprietary operating systems (iOS and macOS)

Which resource/capability does not meet the four criteria needed to create a competitive advantage? 1. Facebook's information-gathering software 2. Amazon's supply chain 3. Shopper's self-checkout technology 4. Tesla's electric motor technology

3. Shopper's self-checkout technology

Mr. Lube is an auto maintenance service provider that exclusively conducts oil changes on cars for a low price compared to competitors. What kind of generic business level strategy does Mr. Lube exemplify? 1. Overall Low-Cost Provider Strategy 2. Broad Differentiation Strategy 3. Focused Differentiation Strategy 4. Focused Low-Cost Strategy

4. Focused Low-Cost Strategy

Imagine you are a supply chain manager for a multinational clothing retailer, "GlobalThreads." GlobalThreads sources its materials and products from various suppliers worldwide. Recently, the company faced challenges in managing its supply chain to ethical and environmental standards. One of the primary issues involves maintaining strong supplier relationships while ensuring ethical and sustainable practices. In the scenario of "GlobalThreads," what is the key challenge they encountered in manag

3. Struggling to balance consumer and stakeholder demands for ethical practices with maintaining good relationships with their suppliers

Which of Netflix's capabilities encompasses all 4 elements of the VRIO framework? 1. Offering high-value original content to consumers 2. Operating with one of the best corporate cultures which attracts the best employees 3. Superior market presence and platform availability within the industry 4. Excellent data structure, technology and streaming algorithms which offer faster connection times and better quality streaming

3. Superior market presence and platform availability within the industry

Which of the following represents a sustainable competitive advantage? 1. Fortinos consistently achieves higher profit margins than Whole Foods. 2. McDonalds employs cost-cutting measures, such as a stream-lined menu, to ensure that their prices offered are lower than those at Harvey's. 3. Tesla possesses its own unique electric vehicle technology, particularly their battery and electric drivetrain technology. 4. Uber rapidly achieved high market shares in its early days by aggressively pricing their services lower than competitors.

3. Tesla possesses its own unique electric vehicle technology, particularly their battery and electric drivetrain technology.

Which strategic consideration is most likely to impact organization decision-making process when expanding its operations 1. The need to establish ownership to achieve the highest level of capabilities 2. The potential challenges associated with improved coordination through ownership 3. The importance of ensuring control over customized inputs that interconnect seamlessly 4. The necessity of managing multiple activities to maintain a competitive edge

3. The importance of ensuring control over customized inputs that interconnect seamlessly

Imagine you are the manager of a small startup in the mobile app development industry. You've recently launched a new fitness-tracking app. While planning your business strategy, you decide to apply Porter's Five Forces framework to assess the industry's competitive dynamics.Which of the following factors would you most likely analyze under the "Threat of New Entrants" force in Porter's Five Forces to understand your app's competitive landscape? 1. The number of gyms and fitness centers in your

3. The presence of well-established fitness app companies in the market.

What is the primary objective of value chain analysis in business management? 1. To identify potential mergers and acquisitions opportunities in the industry. 2. To analyze the financial performance of a company's competitors. 3. To assess a company's internal activities and processes to create a competitive advantage. 4. To determine the market share of a company's products and services.

3. To assess a company's internal activities and processes to create a competitive advantage.

What is the primary objective of value chain analysis in business management? 1. To identify potential mergers and acquisitions opportunities in the industry. 2. To analyze the financial performance of a company's competitors. 3. To assess a company's internal activities and processes to create a competitive advantage. 4. To determine the market share of a company's products and services. option

3. To assess a company's internal activities and processes to create a competitive advantage.

Resources and capabilities can help firms differentiate themselves in a way that improves competitive advantage. Which capability characteristic is described as permitting the firm to respond to opportunities and threats? 1. Costly to Imitate 2. Rare 3. Valuable 4. Organized to be Exploited

3. Valuable

Melinda, the CEO of Indigo wants to improve the company's ability to responsed to changes in the market, as well as acquire exclusive partnerships with specific publishers. What aspect(s) of the VRIO Framework is Melinda focused on? 1. Rare 2. Costly to Imitate 3. Valuable and Rare 4. Valuable and Organized to be Explioted

3. Valuable and Rare

W is a car company and is looking to create a barrier to imitation. Which one best illustrates the barrier of "Better expectations of future values"? 1. They put money into R&D into diseal powered cars. 2. W signing a deal with the Canadian government to supply vehicles for the next 5 years. 3. W hiring 20 new software engineers to resarch and develop new technology for the infotainment system in the car. 4. W signing a race car driver to endorse their car.

3. W hiring 20 new software engineers to resarch and develop new technology for the infotainment system in the car.

In the context of VRI resources, which of the following best exemplifies an "inimitable" resource 1. Patented technology for a popular smartphone, which is widely available to competitors. 2. A valuable brand reputation that is widely recognized in the industry. 3. A highly skilled workforce with specialized training and certifications 4. A unique pharmaceutical formula protected by multiple patents

4. A unique pharmaceutical formula protected by multiple patents

Which one of the following does not best illustrate Porter's Five Forces? 1. Threat of new entrants 2. Competitive Rivary 3. Threat of New substitites 4. Bargaining power of Entrants

4. Bargaining power of Entrants

Wayfair is adding a line of wall paints to their product offerings and is debating whether to make or buy the paints. They believe that a crucial question to ask themselves when considering making paints is whether they will hold up to other wall paints that are already considered the best on the market. Under which Make or Buy consideration would this question fall? 1. Flexibility 2. Control 3. Coordination 4. Capabilities

4. Capabilities

MoviePlex, a movie theatre company, is attempting to organize to exploit their proprietary movie screen technology. Which one of the following would MOST contribute to this goal? 1. Hiring more ushers to help people find the correct theatre, reducing confusion and wait time. 2. Create an online website to make booking tickets easier, increasing customer satisfaction. 3. Make deals with movie studios to show their movies, widening the offering of movies shown on their screens. 4. Establish tra

4. Establish training programs for theater staff on the use and maintenance of their movie screens, increasing effectiveness and longevity of the technology.

3. Suppose you are in a really niche field and developing something extremely innovative that is patented and cannot be accessed by people from the market. What aspect of the VRIO may this fall under? 1. Valuability 2. Inimitatibilty 3. Organization 4. Rarity

Rarity

How are resources and capabilties related in the context of generating valuable differences? 1. Resources and capabilties are interchangable terms 2. Resources are the ability to use capabilties effectively 3. Capabilties are the resources used to generate differences 4. Resources and capabilties are unrelated concept

Resources are the ability to use capabilties effectively

Primary and support activities are the processes and systems a firm uses to develop their offering 1 . TRUE 2. FALSE

True

"Strategy talk: How strategy differs for nonprofits" by Ken Favaro defines differences between nonprofit and profit-seeking business strategies. Which of the following is NOT an essential question for NONPROFIT strategy? 1. What should the value proposition to those target supporters be? 2. What should our leading capabilities — the capabilities we should prioritize and nurture so that we can be better than anyone else at realizing our value proposition to our target supporters — be? 3. What is the unifying idea that compels all of target supporters to donate? 4. Who should the financial supporters of our mission — our "target supporters" — be?

What is the unifying idea that compels all of target supporters to donate?