Module 3
An example of valuable resources that was mentioned in the book is
Both A and B
As manager of a relatively new company, you are tasked with analyzing company resources to identify core competencies capable of supporting a competitive advantage. Which of the following resources is most likely to generate a competitive advantage?
Enthusastic company culture
In which of the following situations is a company that exists in the telecommunications industry most likely to face the highest threat of entry?
If the industry has recently become deregulated
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
Online retailer NetShop had been drastically losing market share to its competitors. The management hired a reputed consulting firm to advise the company. The experts from the consulting firm pointed out that the company primarily lost out on its competitive advantage due to its poor customer service, including slow response times to customer inquiries and unclear return policies. These ineffective policies and procedures led to many disgruntled customers and a steady migration to more customer-friendly retailers. NetShop can best solve its problem by working on its
Support Activities
Gladiator Apparel is the market leader in the sportswear industry. Though most of its resources are common to those of its competitors, a few rare resources have helped the company gain and sustain a competitive advantage. Which of the following assets of Gladiator Apparel is most likely to be considered a rare resource that is contributing to its competitive advantage?
The companys design patents
The "diagonal assembly system" was a production system pioneered by the automobile company Gogo. Recently, Gogo was able to sue a competitor and won the suit, thereby receiving $100 million in damages. Which of the following would most likely enable Gogo to win such a lawsuit?
The competitor infringed on Gogo's patent of the "diagonal assembly system."
Kimba Inc. is a manufacturer of smart watches that track the wearer's heart rate and sleep patterns. Which of the following is most likely an implication of new firms entering this industry?
The incumbent firms will spend more to satisfy their existing customers.
Which of the following applies to the Strength-Threats quadrant of the SWOT matrix?
The local fast-food chain Easy Hot Dogs used its wholesome image to maintain its competitive advantage against stiff competition.
The competitive advantage that one firm has will be short lived if
There is perfect competition
How are cumulative learning and experience effects of a company most likely to affect Michael Porter's five forces?
Threat of new entrants will be low
The business to you video suggests using weighted average
True
The core competencies of a firm are determined by the interplay of its tangible resources and intangible capabilities
True
All of the following are examples of substitution expect
not email vs regular mail
