Question 1

​The RBV perspective is based on

Accepted Answer

A) ​Resource mobility 
B) Resource immobility 
C) Resource heterogeneity 
D) ​Only A&C 
A) ​Resource mobility 
B) Resource immobility 
C) Resource heterogeneity 
D) ​Only A&C

Question 2

​Which of the following can a firm use to reduce competition in the market?

Accepted Answer

A) ​Locking in customers to long term contracts 
B) Seek an exclusive government contract 
C) Acquire patents 
D) ​All the above 
A) ​Locking in customers to long term contracts 
B) Seek an exclusive government contract 
C) Acquire patents 
D) ​All the above

Question 3

​A software design company wants to pursue a platform strategy.Which of the following strategies is the firm likely to want to adopt?

Accepted Answer

A) ​Focus on softening rivalry 
B) Encourage complementary innovation 
C) Encourage substitute innovation 
D) ​All of the above 
A) ​Focus on softening rivalry 
B) Encourage complementary innovation 
C) Encourage substitute innovation 
D) ​All of the above

Question 4

Buyer Power
Nora's Nicest Knick Knacks has sold a variety of products to hundreds of small retailers.Over time,she has added distributers who have a talent for finding more retailers for Nora.Now,over half of her sales go through just two of these distributers.Rather than making periodic orders as stock gets low,these distributers make only a few large purchases each year.How can these aspects of her buyer relationships affect how much of the value she creates that she gets to capture?

Accepted Answer

Nora's sales are increasingly being conc

Question 5

Mutual Fund Products
Amplitude Investments offers a variety of mutual fund products for investors with different preferences.When they develop a new product for an under-served niche,they find out that their competitors will imitate them within a few months.Is investigating and developing new products going to be profitable for Amplitude?

Accepted Answer

These new products are creating value as

Question 6

In the IO perspective,it is important to enter an industry with​

Accepted Answer

A) ​High barriers to entry 
B) Low buyer power 
C) Low supplier power 
D) ​All of the above 
A) ​High barriers to entry 
B) Low buyer power 
C) Low supplier power 
D) ​All of the above

Question 7

​The five forces model is a framework

Accepted Answer

A) ​For increasing buyer power in the market 
B) For improving competition in the industry 
C) For analyzing the attractiveness of an industry 
D) ​For increasing supplier power in the market 
A) ​For increasing buyer power in the market 
B) For improving competition in the industry 
C) For analyzing the attractiveness of an industry 
D) ​For increasing supplier power in the market

Question 8

​For a resource to be able to generate sustained competitive advantage over rivals,it must be

Accepted Answer

A) ​Valuable 
B) Rare 
C) Difficult to imitate or substitute away from 
D) ​All of the above 
A) ​Valuable 
B) Rare 
C) Difficult to imitate or substitute away from 
D) ​All of the above

Question 9

​Supplier power tends to be higher when

Accepted Answer

A) ​Suppliers are concentrated 
B) There are high costs to switching between suppliers 
C) Both A&B 
D) ​None of the above 
A) ​Suppliers are concentrated 
B) There are high costs to switching between suppliers 
C) Both A&B 
D) ​None of the above

Question 10

​Apple has continued to be innovative to ensure that the demand for its products stays or becomes

Accepted Answer

A) ​More inelastic 
B) More elastic 
C) Unitary elastic 
D) ​None of the above 
A) ​More inelastic 
B) More elastic 
C) Unitary elastic 
D) ​None of the above

Question 11

​It is more profitable for a firm to be_______ than ________

Accepted Answer

A) ​In perfect competition;monopolists 
B) A monopolists;in perfect competition 
C) Not in business;in business 
D) ​All of the above 
A) ​In perfect competition;monopolists 
B) A monopolists;in perfect competition 
C) Not in business;in business 
D) ​All of the above

Question 12

For a resource to be able to generate temporary competitive advantage over rivals,it must be​

Accepted Answer

A) ​Valuable 
B) Rare 
C) Valuable and rare 
D) ​Not valuable but rare 
A) ​Valuable 
B) Rare 
C) Valuable and rare 
D) ​Not valuable but rare

Question 13

​Intense market competition is ________ for consumers,since it_______.

Accepted Answer

A) ​Bad;erodes producer surplus 
B) Bad,increases variety in the market 
C) Good,increases the price level in the market 
D) ​Good;decreases the price level in the market 
A) ​Bad;erodes producer surplus 
B) Bad,increases variety in the market 
C) Good,increases the price level in the market 
D) ​Good;decreases the price level in the market

Question 14

​Which of the following makes a firm's resources hard to imitate?

Accepted Answer

A) ​Do not use resources that flow from the firm's unique history 
B) Keep the link between resources and advantage simple 
C) Resources emanate from a socially complex organizational structure 
D) ​All of the above 
A) ​Do not use resources that flow from the firm's unique history 
B) Keep the link between resources and advantage simple 
C) Resources emanate from a socially complex organizational structure 
D) ​All of the above

Question 15

​Which of the following makes a firm's resources hard to imitate?

Accepted Answer

A) ​They flow from the firm's unique history 
B) The link between resources and advantages is difficult to discern 
C) Resources emanate from a socially complex organizational structure 
D) ​All of the above 
A) ​They flow from the firm's unique history 
B) The link between resources and advantages is difficult to discern 
C) Resources emanate from a socially complex organizational structure 
D) ​All of the above

Question 16

​In the IO perspective it is important to enter an industry with

Accepted Answer

A) ​High supplier power 
B) Low threat from substitutes 
C) Low levels of rivalry between firms 
D) ​Only B & C 
A) ​High supplier power 
B) Low threat from substitutes 
C) Low levels of rivalry between firms 
D) ​Only B & C

Question 17

​The industrial organization or (IO)perspective predicts

Accepted Answer

A) ​firm's profitability differs only if they are in different industries 
B) firms within an industry are equally profitable 
C) firm's profitability within industries varies widely 
D) ​Only A&B 
A) ​firm's profitability differs only if they are in different industries 
B) firms within an industry are equally profitable 
C) firm's profitability within industries varies widely 
D) ​Only A&B

Question 18

​The RBV perspective locates the source of competitive advantage for a firm at the

Accepted Answer

A) ​Individual firm level 
B) Industry level 
C) Customer Level 
D) ​None of the above 
A) ​Individual firm level 
B) Industry level 
C) Customer Level 
D) ​None of the above

Question 19

The IO Economics perspective locates the source of competitive advantage for a firm at the​

Accepted Answer

A) ​Individual firm level 
B) Industry level 
C) Customer Level 
D) ​None of the above 
A) ​Individual firm level 
B) Industry level 
C) Customer Level 
D) ​None of the above

Question 20

​Assumptions that underlie the Resource-based View include

Accepted Answer

A) ​Resource heterogeneity 
B) Resource immobility 
C) Barriers to entry 
D) ​Both a and b 
A) ​Resource heterogeneity 
B) Resource immobility 
C) Barriers to entry 
D) ​Both a and b

The RBV perspective is based on

Which of the following can a firm use to reduce competition in the market?

A software design company wants to pursue a platform strategy.Which of the following strategies is the firm likely to want to adopt?

In the IO perspective,it is important to enter an industry with

The five forces model is a framework

For a resource to be able to generate sustained competitive advantage over rivals,it must be

Supplier power tends to be higher when

Apple has continued to be innovative to ensure that the demand for its products stays or becomes

It is more profitable for a firm to be_ than __

For a resource to be able to generate temporary competitive advantage over rivals,it must be

Intense market competition is __ for consumers,since it_.

Which of the following makes a firm's resources hard to imitate?

Which of the following makes a firm's resources hard to imitate?

In the IO perspective it is important to enter an industry with

The industrial organization or (IO)perspective predicts

The RBV perspective locates the source of competitive advantage for a firm at the

The IO Economics perspective locates the source of competitive advantage for a firm at the

Assumptions that underlie the Resource-based View include

The One Lessor of Business

Benefits, Costs, and Decisions

Extent How Much Decisions

Investment Decisions: Look Ahead and Reason Back

Simple Pricing

Economies of Scale and Scope

Understanding Markets and Industry Changes

Market Structure and Long Run Equilibrium

Foreign Exchange, Trade, and Bubbles

More Realistic and Complex Pricing

Direct Price Discrimination

Strategic Games

Bargaining

Making Decisions With Uncertainty

Auctions

The Problem of Adverse Selection

The Problem of Moral Hazard

Getting Employees to Work in the Firms Best Interest

Getting Divisions to Work in the Firms Best Interest

Managing Vertical Relationships

Filters

Exam 9: Strategy: the Quest to Keep Profit From Eroding

​The RBV perspective is based on

​Which of the following can a firm use to reduce competition in the market?

​A software design company wants to pursue a platform strategy.Which of the following strategies is the firm likely to want to adopt?

In the IO perspective,it is important to enter an industry with​

​The five forces model is a framework

​For a resource to be able to generate sustained competitive advantage over rivals,it must be

​Supplier power tends to be higher when

​Apple has continued to be innovative to ensure that the demand for its products stays or becomes

​It is more profitable for a firm to be_______ than ________

For a resource to be able to generate temporary competitive advantage over rivals,it must be​

​Intense market competition is ________ for consumers,since it_______.

​Which of the following makes a firm's resources hard to imitate?

​Which of the following makes a firm's resources hard to imitate?

​In the IO perspective it is important to enter an industry with

​The industrial organization or (IO)perspective predicts

​The RBV perspective locates the source of competitive advantage for a firm at the

The IO Economics perspective locates the source of competitive advantage for a firm at the​

​Assumptions that underlie the Resource-based View include

The One Lessor of Business

Benefits, Costs, and Decisions

Extent How Much Decisions

Investment Decisions: Look Ahead and Reason Back

Simple Pricing

Economies of Scale and Scope

Understanding Markets and Industry Changes

Market Structure and Long Run Equilibrium

Foreign Exchange, Trade, and Bubbles

More Realistic and Complex Pricing

Direct Price Discrimination

Strategic Games

Bargaining

Making Decisions With Uncertainty

Auctions

The Problem of Adverse Selection

The Problem of Moral Hazard

Getting Employees to Work in the Firms Best Interest

Getting Divisions to Work in the Firms Best Interest

Managing Vertical Relationships

Filters

The RBV perspective is based on

Which of the following can a firm use to reduce competition in the market?

A software design company wants to pursue a platform strategy.Which of the following strategies is the firm likely to want to adopt?

In the IO perspective,it is important to enter an industry with

The five forces model is a framework

For a resource to be able to generate sustained competitive advantage over rivals,it must be

Supplier power tends to be higher when

Apple has continued to be innovative to ensure that the demand for its products stays or becomes

It is more profitable for a firm to be_ than __

For a resource to be able to generate temporary competitive advantage over rivals,it must be

Intense market competition is __ for consumers,since it_.

Which of the following makes a firm's resources hard to imitate?

Which of the following makes a firm's resources hard to imitate?

In the IO perspective it is important to enter an industry with

The industrial organization or (IO)perspective predicts

The RBV perspective locates the source of competitive advantage for a firm at the

The IO Economics perspective locates the source of competitive advantage for a firm at the

Assumptions that underlie the Resource-based View include