Question 1

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 2

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 3

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

Accepted Answer

A) True 
 B)False

Question 4

_____ includes setting up subsidiaries abroad so that the work done is in-house but the location is foreign.

Accepted Answer

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

Question 5

Articulate the benefits of offshoring.

Accepted Answer

Outsourcing low-end manufacturing to cou

Question 6

Briefly explain outsourcing and its different types.

Accepted Answer

Outsourcing is defined as turning over a

Question 7

Product design is considered an upstream activity in the value chain.

Accepted Answer

A) True 
 B)False

Question 8

BPO refers to the outsourcing of low-end manufacturing to third-party providers.

Accepted Answer

A) True 
 B)False

Question 9

According to the VRIO framework,a firm with an organized,valuable,rare,but imitable resources and capabilities will display a(n)_____ performance.

Accepted Answer

A)  below average 
B)  average 
C)  above average 
D)  poor 
A)  below average 
B)  average 
C)  above average 
D)  poor

Question 10

Which of the following value chain activities does an original equipment manufacturer perform?

Accepted Answer

A)  Research and development 
B)  Product branding 
C)  Final assembly 
D)  Marketing 
A)  Research and development 
B)  Product branding 
C)  Final assembly 
D)  Marketing

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

An original design manufacturer (ODM)differs from an original brand manufacturer (OBM)in that an ODM _____.

Accepted Answer

A)  does not include final assembly in its organizational boundary 
B)  does not include research and development in its organizational boundary 
C)  does not include marketing in its organizational boundary 
D)  only executes design blueprints provided by other firms 
A)  does not include final assembly in its organizational boundary 
B)  does not include research and development in its organizational boundary 
C)  does not include marketing in its organizational boundary 
D)  only executes design blueprints provided by other firms

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

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 15

Which of the following primary activities of a firm corresponds to its support activity of human resources?

Accepted Answer

A)  Final assembly 
B)  Marketing 
C)  Components 
D)  Research and development 
A)  Final assembly 
B)  Marketing 
C)  Components 
D)  Research and development

Question 16

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 17

What is a value chain?

Accepted Answer

A value chain is a series of activities

Question 18

Benchmarking is the process of converting a firm-specific activity into an industry-specific activity.

Accepted Answer

A) True 
 B)False

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

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

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

_____ includes setting up subsidiaries abroad so that the work done is in-house but the location is foreign.

Articulate the benefits of offshoring.

Briefly explain outsourcing and its different types.

Product design is considered an upstream activity in the value chain.

BPO refers to the outsourcing of low-end manufacturing to third-party providers.

According to the VRIO framework,a firm with an organized,valuable,rare,but imitable resources and capabilities will display a(n)_____ performance.

Which of the following value chain activities does an original equipment manufacturer perform?

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

An original design manufacturer (ODM)differs from an original brand manufacturer (OBM)in that an ODM _____.

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

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

Which of the following primary activities of a firm corresponds to its support activity of human resources?

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

What is a value chain?

Benchmarking is the process of converting a firm-specific activity into an industry-specific activity.

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

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Exam 4: Leveraging Resources and Capabilities

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

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

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

_____ includes setting up subsidiaries abroad so that the work done is in-house but the location is foreign.

Articulate the benefits of offshoring.

Briefly explain outsourcing and its different types.

Product design is considered an upstream activity in the value chain.

BPO refers to the outsourcing of low-end manufacturing to third-party providers.

According to the VRIO framework,a firm with an organized,valuable,rare,but imitable resources and capabilities will display a(n)_____ performance.

Which of the following value chain activities does an original equipment manufacturer perform?

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

An original design manufacturer (ODM)differs from an original brand manufacturer (OBM)in that an ODM _____.

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

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

Which of the following primary activities of a firm corresponds to its support activity of human resources?

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

What is a value chain?

Benchmarking is the process of converting a firm-specific activity into an industry-specific activity.

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