Question 1

Employees will be able to obtain a proportionately high level of profits they generate (relative to the firm)  if

Accepted Answer

A)   suppliers are loyal to the firm.
B)   their expertise is firm-specific.
C)   the cost to the firm of replacing them is high.
D)   the firm's resources are path dependent.E) B) and D)
F) A) and D)

Question 2

An executive states that HR must be a true partner of the business, with a deep and up-to-date understanding of business realities and objectives, and must ensure HR initiatives fullysupport them at all points of the value chain. This is an example of

Accepted Answer

A)   relationships among activities within the firm and with other stakeholders.
B)   relationships between firms.
C)   interrelationships among activities within the firm.
D)   interrelationships among firms.E) A) and C)
F) All of the above

Question 3

Information technology (IT) can also play a key role in enhancing the value that a company can provide its customers and, in turn, increasing its own revenues and profits. IT is an activitywithin the support activities of general administration.

Accepted Answer

A) True 
 B)False

Question 4

Intangible resources of a firm refer to its capacity to deploy tangible resources over time and leverage those resources effectively.

Accepted Answer

A) True 
 B)False

Question 5

Amazon Prime is credited for helping to increase the Amazon stock price by nearly 300 percent from 2008 to 2010. This competitive advantage is known as

Accepted Answer

A)   causal ambiguity.
B)   product rarity.
C)   service validity.
D)   substitutability.E) B) and D)
F) All of the above

Question 6

There are two levels of relationships among value-chain activities. Discuss the differences and provide an example of each.

Accepted Answer

The importance of relationships among va...

Question 7

Explain the difference between tangible and intangible resources. Provide an example of each.

Accepted Answer

Firm resources are all assets, capabilit...

Question 8

Ashley Furniture controls all steps of its distribution systems, developing specific competencies that are difficult to match. They are using ________ to build sustainable advantage.

Accepted Answer

A)   path dependency
B)   social complexity
C)   physical uniqueness
D)   tangible resourcesE) None of the above
F) A) and B)

Question 9

A crash R&D program by one firm cannot replicate a successful technology developed by another firm, when research findings cumulate. This is an example of

Accepted Answer

A)   social complexity.
B)   physical uniqueness.
C)   path dependency.
D)   causal ambiguity.E) A) and C)
F) C) and D)

Exam 3: Assessing the Internal Environment of the Firm

Amazon Prime is credited for helping to increase the Amazon stock price by nearly 300 percent from 2008 to 2010. This competitive advantage is known as

Correct Answer
verified

Information technology (IT) can also play a key role in enhancing the value that a company can provide its customers and, in turn, increasing its own revenues and profits. IT is an activitywithin the support activities of general administration.

Correct Answer
verified

Ashley Furniture controls all steps of its distribution systems, developing specific competencies that are difficult to match. They are using ________ to build sustainable advantage.

Correct Answer
verified

Intangible resources of a firm refer to its capacity to deploy tangible resources over time and leverage those resources effectively.

Correct Answer
verified

Explain the difference between tangible and intangible resources. Provide an example of each.

Correct Answer
verified
Firm resources are all assets, capabilit...
View Answer

There are two levels of relationships among value-chain activities. Discuss the differences and provide an example of each.

Correct Answer
verified
The importance of relationships among va...
View Answer

A crash R&D program by one firm cannot replicate a successful technology developed by another firm, when research findings cumulate. This is an example of

Correct Answer
verified

Employees will be able to obtain a proportionately high level of profits they generate (relative to the firm) if

Correct Answer
verified

An executive states that HR must be a true partner of the business, with a deep and up-to-date understanding of business realities and objectives, and must ensure HR initiatives fullysupport them at all points of the value chain. This is an example of

Correct Answer
verified

Exam 3: Assessing the Internal Environment of the Firm

Amazon Prime is credited for helping to increase the Amazon stock price by nearly 300 percent from 2008 to 2010. This competitive advantage is known as

Correct AnswerverifiedShow Answer

Information technology (IT) can also play a key role in enhancing the value that a company can provide its customers and, in turn, increasing its own revenues and profits. IT is an activitywithin the support activities of general administration.

Correct AnswerverifiedShow Answer

Ashley Furniture controls all steps of its distribution systems, developing specific competencies that are difficult to match. They are using ________ to build sustainable advantage.

Correct AnswerverifiedShow Answer

Intangible resources of a firm refer to its capacity to deploy tangible resources over time and leverage those resources effectively.

Correct AnswerverifiedShow Answer

Explain the difference between tangible and intangible resources. Provide an example of each.

Correct AnswerverifiedFirm resources are all assets, capabilit...View AnswerShow Answer

There are two levels of relationships among value-chain activities. Discuss the differences and provide an example of each.

Correct AnswerverifiedThe importance of relationships among va...View AnswerShow Answer

A crash R&D program by one firm cannot replicate a successful technology developed by another firm, when research findings cumulate. This is an example of

Correct AnswerverifiedShow Answer

Employees will be able to obtain a proportionately high level of profits they generate (relative to the firm) if

Correct AnswerverifiedShow Answer

An executive states that HR must be a true partner of the business, with a deep and up-to-date understanding of business realities and objectives, and must ensure HR initiatives fullysupport them at all points of the value chain. This is an example of

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Firm resources are all assets, capabilit...
View Answer

Correct Answer
verified
The importance of relationships among va...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified