FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 3: Assessing the Internal Environment of the Firm

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 1

Multiple Choice

Review LaterAdd Note

Review Later

Historical comparisons provide information to managers about changes in a firm's competitive position.Historical comparisons are often misleading

A) if the overall strategy of the firm is the same.
B) in periods of recession or economic boom.
C) if the firm shows constant growth.
D) if the firm's stock is publicly traded.

E) A) and B)
F) None of the above

Correct Answer

verified

Show Answer

Question 2

Multiple Choice

Review LaterAdd Note

Review Later

The following are examples of socially complex organizational phenomena except

A) a firm's culture
B) interpersonal relations among a firm's managers
C) complex physical technology
D) reputation with suppliers and customers

E) None of the above
F) A) and D)

Correct Answer

verified

Show Answer

Question 3

Essay

Review LaterAdd Note

What are some ways in which a firm's general administration can help create (or enhance)competitive advantages?

Primary activities contribute to the physical creation of a product or service,its sale and transfer to the buyer,and its service after the sale.

Financial analysis provides an accurate way to assess the relative strengths of firms and can be used as a complete guide to study companies.

The balanced scorecard enables managers to consider their business from all of the following perspectives except

A meaningful ratio analysis

How should managers assess changes in their firm's competitive position in their industries during a period of unusual economic growth?

The best measure of a company's ability to meet imminent financial obligations is known as the

Advertising is a _____ activity.Supply of replacement parts is a _____ activity.

In value chain analysis,value is measured by market value of the total stock outstanding of the company.

Products and services that are difficult to imitate help firms sustain their profitability.

Which of these categories of financial ratios is used to measure a company's ability to meet its short-term financial obligations?

An important implication of the balanced scorecard is that managers need not look at their job as primarily balancing stakeholder demands.

Inbound logistics include

A primary benefit of the "balanced scorecard" is that it complements financial indicators with operational measures of customer satisfaction,internal processes,and the organization's innovation and improvement activities.

The "balanced scorecard" developed by Kaplan and Norton helps to integrate

When using industry norms as a standard of comparison,managers must be sure that the firms used in the comparisons are representative of all sizes and strategies within the industry.

Gillette combines several technologies (e.g.,metallurgy,physiology,physics) to attain unparalleled success in the wet shaving industry.This is an example of their

How can a firm develop (or enhance)its advantages in the marketplace by having strong,positive interrelationships among its value chain activities and those of its suppliers and customers? Provide an example.