Question 1

The resource-based view differs from the institution-based view in that the resource-based view focuses on a firm's _____.

Accepted Answer

A)  external threats and opportunities 
B)  internal strengths and weaknesses 
C)  external strengths and opportunities 
D)  internal threats and weaknesses 
A)  external threats and opportunities 
B)  internal strengths and weaknesses 
C)  external strengths and opportunities 
D)  internal threats and weaknesses

Question 2

Activities with high levels of commoditization should be performed in-house to increase competitiveness.

Accepted Answer

A) True 
 B)False

Question 3

A SWOT analysis deals with a firm's external S (strengths) and W (weaknesses),and internal O (opportunities) and T (threats).

Accepted Answer

A) True 
 B)False

Question 4

Valuable and rare,but imitable,resources and capabilities give firms a permanently sustainable competitive advantage.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following support activities corresponds to a firm's primary activity of final assembly?

Accepted Answer

A)  Technology development 
B)  Human resources 
C)  Infrastructure 
D)  Logistics 
A)  Technology development 
B)  Human resources 
C)  Infrastructure 
D)  Logistics

Question 6

According to the VRIO framework,imitable but well organized resources and capabilities will provide sustained competitive advantage to a firm.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following activities is achieved within the domestic location of a firm?

Accepted Answer

A)  Offshoring 
B)  FDI 
C)  Captive sourcing 
D)  Onshoring 
A)  Offshoring 
B)  FDI 
C)  Captive sourcing 
D)  Onshoring

Question 8

According to the VRIO framework,only valuable and rare resources and capabilities have the potential to provide temporary competitive advantage for a firm.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following business tools focuses on a firm's external threats and opportunities?

Accepted Answer

A)  The VRIO framework 
B)  The BCG matrix 
C)  The SWOT analysis 
D)  The Pareto analysis 
A)  The VRIO framework 
B)  The BCG matrix 
C)  The SWOT analysis 
D)  The Pareto analysis

Question 10

According to the VRIO framework,valuable,rare,and hard-to-imitate resources and capabilities will lead to a competitive parity.

Accepted Answer

A) True 
 B)False

Question 11

How can a manager use a value chain to improve a company?

Accepted Answer

A value chain is a stream of activities

Question 12

The rarity of a firm's resources and capabilities is studied under the VRIO framework.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is considered as an intangible resource of a firm?

Accepted Answer

A)  The ability to raise external capital 
B)  The access to raw materials of production 
C)  The possession of patents to an invention 
D)  The managerial skills of an employee 
A)  The ability to raise external capital 
B)  The access to raw materials of production 
C)  The possession of patents to an invention 
D)  The managerial skills of an employee

Question 14

An ODM is similar to an OBM in that both _____.

Accepted Answer

A)  execute design blueprints provided by other firms 
B)  include product marketing in their organizational boundary 
C)  exclude manufacturing in their organizational boundary 
D)  design and manufacture their own products 
A)  execute design blueprints provided by other firms 
B)  include product marketing in their organizational boundary 
C)  exclude manufacturing in their organizational boundary 
D)  design and manufacture their own products

Question 15

Which of the following is an example of a firm's physical resources and capabilities?

Accepted Answer

A)  Integrated management information systems 
B)  Access to raw materials and distribution channels 
C)  Ability to generate internal funds 
D)  Capacities for organizational innovation and change 
A)  Integrated management information systems 
B)  Access to raw materials and distribution channels 
C)  Ability to generate internal funds 
D)  Capacities for organizational innovation and change

Question 16

According to the VRIO framework,valuable,but common resources and capabilities,will lead to a temporary competitive advantage.

Accepted Answer

A) True 
 B)False

Question 17

An original design manufacturer includes final assembly in its value chain activities.

Accepted Answer

A) True 
 B)False

Question 18

In global business,the institution-based view deals with internal strengths and weaknesses.

Accepted Answer

A) True 
 B)False

The resource-based view differs from the institution-based view in that the resource-based view focuses on a firm's _____.

Activities with high levels of commoditization should be performed in-house to increase competitiveness.

A SWOT analysis deals with a firm's external S (strengths) and W (weaknesses),and internal O (opportunities) and T (threats).

Valuable and rare,but imitable,resources and capabilities give firms a permanently sustainable competitive advantage.

Which of the following support activities corresponds to a firm's primary activity of final assembly?

According to the VRIO framework,imitable but well organized resources and capabilities will provide sustained competitive advantage to a firm.

Which of the following activities is achieved within the domestic location of a firm?

According to the VRIO framework,only valuable and rare resources and capabilities have the potential to provide temporary competitive advantage for a firm.

Which of the following business tools focuses on a firm's external threats and opportunities?

According to the VRIO framework,valuable,rare,and hard-to-imitate resources and capabilities will lead to a competitive parity.

How can a manager use a value chain to improve a company?

The rarity of a firm's resources and capabilities is studied under the VRIO framework.

Which of the following is considered as an intangible resource of a firm?

An ODM is similar to an OBM in that both _____.

Which of the following is an example of a firm's physical resources and capabilities?

According to the VRIO framework,valuable,but common resources and capabilities,will lead to a temporary competitive advantage.

An original design manufacturer includes final assembly in its value chain activities.

In global business,the institution-based view deals with internal strengths and weaknesses.

Globalizing Business

Understanding Formal Institutions: Politics, laws, and Economics

Emphasizing Informal Institutions: Cultures, ethics, and Norms

Trading Internationally

Investing Abroad Directly

Dealing With Foreign Exchange

Capitalizing on Global and Regional Integration

Growing and Internationalizing the Entrepreneurial Firm

Entering Foreign Markets

Managing Global Competitive Dynamics

Making Alliances and Acquisitions Work

Strategizing,structuring,and Learning Around the World

Competing on Marketing and Supply Chain Management

Managing Human Resources Globally

Financing and Governing the Corporation Globally

Managing Corporate Social Responsibility Globally

Filters

Exam 4: Leveraging Resources and Capabilities

The resource-based view differs from the institution-based view in that the resource-based view focuses on a firm's _____.

Activities with high levels of commoditization should be performed in-house to increase competitiveness.

A SWOT analysis deals with a firm's external S (strengths) and W (weaknesses),and internal O (opportunities) and T (threats).

Valuable and rare,but imitable,resources and capabilities give firms a permanently sustainable competitive advantage.

Which of the following support activities corresponds to a firm's primary activity of final assembly?

According to the VRIO framework,imitable but well organized resources and capabilities will provide sustained competitive advantage to a firm.

Which of the following activities is achieved within the domestic location of a firm?

According to the VRIO framework,only valuable and rare resources and capabilities have the potential to provide temporary competitive advantage for a firm.

Which of the following business tools focuses on a firm's external threats and opportunities?

According to the VRIO framework,valuable,rare,and hard-to-imitate resources and capabilities will lead to a competitive parity.

How can a manager use a value chain to improve a company?

The rarity of a firm's resources and capabilities is studied under the VRIO framework.

Which of the following is considered as an intangible resource of a firm?

An ODM is similar to an OBM in that both _____.

Which of the following is an example of a firm's physical resources and capabilities?

According to the VRIO framework,valuable,but common resources and capabilities,will lead to a temporary competitive advantage.

An original design manufacturer includes final assembly in its value chain activities.

In global business,the institution-based view deals with internal strengths and weaknesses.

Globalizing Business

Understanding Formal Institutions: Politics, laws, and Economics

Emphasizing Informal Institutions: Cultures, ethics, and Norms

Trading Internationally

Investing Abroad Directly

Dealing With Foreign Exchange

Capitalizing on Global and Regional Integration

Growing and Internationalizing the Entrepreneurial Firm

Entering Foreign Markets

Managing Global Competitive Dynamics

Making Alliances and Acquisitions Work

Strategizing,structuring,and Learning Around the World

Competing on Marketing and Supply Chain Management

Managing Human Resources Globally

Financing and Governing the Corporation Globally

Managing Corporate Social Responsibility Globally

Filters