STRATEGIC MANAGEMENT CONCEPTS AND CASES
01/21/2026
COMPETITIVENESS AND GLOBALIZATION 14TH EDITION
Complete Test Bank_
Strategic Management Concepts and Cases Competitiveness and Globalization 14th edition
(Michael Hitt, Duane Ireland, Robert Hoskisson, Jeffrey Harrison) All Chapters1-13 (Q&A) Original PDF A+ Grade
T T
E E
S S
T T
B B
A A
N N
K K
,STRATEGIC MANAGEMENT CONCEPTS AND CASES
01/21/2026
COMPETITIVENESS AND GLOBALIZATION 14TH EDITION
Table of Contents
Chapter 01 - Strategic Management and Strategic Competitiveness .................................................................................................................. 2
Chapter 02 - The External Environment: Opportunities, Threats, Industry Competition, and Competitor Analysis ................................. 1
Chapter 03 - The Internal Organization: Resources, Capabilities, Core Competencies, and Competitive Advantages .............................. 1
Chapter 04 - Business-Level Strategy................................................................................................................................................................... 1
Chapter 05 - Competitive Rivalry and Competitive Dynamics ........................................................................................................................... 1
Chapter 06 - Corporate-Level Strategy ............................................................................................................................................................... 1
Chapter 07 - Merger and Acquisition Strategies and Restructuring................................................................................................................. 1
Chapter 08 - International Strategy ..................................................................................................................................................................... 1
Chapter 09 - Cooperative Strategy ....................................................................................................................................................................... 1
Chapter 10 - Corporate Governance .................................................................................................................................................................... 1
Chapter 11 - Organizational Structure and Controls ......................................................................................................................................... 1
Chapter 12 - Strategic Leadership ........................................................................................................................................................................ 1
Chapter 13 - Strategic Entrepreneurship ............................................................................................................................................................ 1
Chapter 01 - Strategic Management and Strategic Competitiveness
True / False
1. The difference between average and above-average returns is that average returns are returns that an investor expects to earn from
an investment as compared to other investments with similar stock prices, while above-average returns are in excess of expectations
for similarly priced stocks.
a. True
b. False
ANSWER: False
POINTS: 1
,STRATEGIC MANAGEMENT CONCEPTS AND CASES
01/21/2026
COMPETITIVENESS AND GLOBALIZATION 14TH EDITION
DIFFICULTY: Moderate
REFERENCES: 1-1 An Overview of Strategy and Strategic Competitiveness
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: SM.HITT.24.01.01 - Define strategic competitiveness, strategy, competitive advantage, above-
average returns, and the strategic management process.
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
KEYWORDS: Bloom's: Analyze
DATE CREATED: 4/19/2023 5:02 PM
DATE MODIFIED: 4/19/2023 5:02 PM
2. Particularly when assessing investments in new venture firms, the most effective, and often the only, way to measure the
performance of the firms and determine their viability as an investment option is to examine financial metrics such as returns on
assets, and sales.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-1 An Overview of Strategy and Strategic Competitiveness
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: SM.HITT.24.01.01 - Define strategic competitiveness, strategy, competitive advantage, above-
average returns, and the strategic management process.
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
KEYWORDS: Bloom's: Analyze
DATE CREATED: 4/19/2023 5:02 PM
DATE MODIFIED: 4/19/2023 5:02 PM
3. Examples of incremental innovations include iPads, Wi-Fi, and the web browser.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-2 The Competitive Landscape
, STRATEGIC MANAGEMENT CONCEPTS AND CASES
01/21/2026
COMPETITIVENESS AND GLOBALIZATION 14TH EDITION
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: SM.HITT.24.01.02 - Describe the competitive landscape, and explain how globalization, technological
changes, and expectations of socially responsible behavior shape it.
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
KEYWORDS: Bloom's: Apply
DATE CREATED: 4/19/2023 5:02 PM
DATE MODIFIED: 4/19/2023 5:02 PM
4. The I/O and resource-based models contain many of the same steps. One clear difference between the two models is the resource-
based model starts by looking at the internal strengths and weaknesses of a firm, while the I/O model begins with an examination of
the external environment. Another key difference is the resource-based model identifies an attractive industry much earlier in the
process than does the I/O model.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-4 The Resource-Based Model of Above-Average Returns
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: SM.HITT.24.01.04 - Use the resource-based model to explain how firms can earn above- average returns.
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
KEYWORDS: Bloom's: Analyze
DATE CREATED: 4/19/2023 5:02 PM
DATE MODIFIED: 4/19/2023 5:02 PM
Multiple Choice
5. What has a firm achieved when it successfully formulates and implements a value-creating strategy?
a. Strategic competitiveness
b. A permanently sustainable competitive advantage
c. Substantial returns
d. Legal and ethical core values
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-1 An Overview of Strategy and Strategic Competitiveness
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: SM.HITT.24.01.01 - Define strategic competitiveness, strategy, competitive advantage, above-
average returns, and the strategic management process.
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
KEYWORDS: Bloom's: Understand
DATE CREATED: 4/19/2023 5:02 PM
DATE MODIFIED: 5/17/2023 4:21 PM
01/21/2026
COMPETITIVENESS AND GLOBALIZATION 14TH EDITION
Complete Test Bank_
Strategic Management Concepts and Cases Competitiveness and Globalization 14th edition
(Michael Hitt, Duane Ireland, Robert Hoskisson, Jeffrey Harrison) All Chapters1-13 (Q&A) Original PDF A+ Grade
T T
E E
S S
T T
B B
A A
N N
K K
,STRATEGIC MANAGEMENT CONCEPTS AND CASES
01/21/2026
COMPETITIVENESS AND GLOBALIZATION 14TH EDITION
Table of Contents
Chapter 01 - Strategic Management and Strategic Competitiveness .................................................................................................................. 2
Chapter 02 - The External Environment: Opportunities, Threats, Industry Competition, and Competitor Analysis ................................. 1
Chapter 03 - The Internal Organization: Resources, Capabilities, Core Competencies, and Competitive Advantages .............................. 1
Chapter 04 - Business-Level Strategy................................................................................................................................................................... 1
Chapter 05 - Competitive Rivalry and Competitive Dynamics ........................................................................................................................... 1
Chapter 06 - Corporate-Level Strategy ............................................................................................................................................................... 1
Chapter 07 - Merger and Acquisition Strategies and Restructuring................................................................................................................. 1
Chapter 08 - International Strategy ..................................................................................................................................................................... 1
Chapter 09 - Cooperative Strategy ....................................................................................................................................................................... 1
Chapter 10 - Corporate Governance .................................................................................................................................................................... 1
Chapter 11 - Organizational Structure and Controls ......................................................................................................................................... 1
Chapter 12 - Strategic Leadership ........................................................................................................................................................................ 1
Chapter 13 - Strategic Entrepreneurship ............................................................................................................................................................ 1
Chapter 01 - Strategic Management and Strategic Competitiveness
True / False
1. The difference between average and above-average returns is that average returns are returns that an investor expects to earn from
an investment as compared to other investments with similar stock prices, while above-average returns are in excess of expectations
for similarly priced stocks.
a. True
b. False
ANSWER: False
POINTS: 1
,STRATEGIC MANAGEMENT CONCEPTS AND CASES
01/21/2026
COMPETITIVENESS AND GLOBALIZATION 14TH EDITION
DIFFICULTY: Moderate
REFERENCES: 1-1 An Overview of Strategy and Strategic Competitiveness
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: SM.HITT.24.01.01 - Define strategic competitiveness, strategy, competitive advantage, above-
average returns, and the strategic management process.
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
KEYWORDS: Bloom's: Analyze
DATE CREATED: 4/19/2023 5:02 PM
DATE MODIFIED: 4/19/2023 5:02 PM
2. Particularly when assessing investments in new venture firms, the most effective, and often the only, way to measure the
performance of the firms and determine their viability as an investment option is to examine financial metrics such as returns on
assets, and sales.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-1 An Overview of Strategy and Strategic Competitiveness
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: SM.HITT.24.01.01 - Define strategic competitiveness, strategy, competitive advantage, above-
average returns, and the strategic management process.
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
KEYWORDS: Bloom's: Analyze
DATE CREATED: 4/19/2023 5:02 PM
DATE MODIFIED: 4/19/2023 5:02 PM
3. Examples of incremental innovations include iPads, Wi-Fi, and the web browser.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-2 The Competitive Landscape
, STRATEGIC MANAGEMENT CONCEPTS AND CASES
01/21/2026
COMPETITIVENESS AND GLOBALIZATION 14TH EDITION
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: SM.HITT.24.01.02 - Describe the competitive landscape, and explain how globalization, technological
changes, and expectations of socially responsible behavior shape it.
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
KEYWORDS: Bloom's: Apply
DATE CREATED: 4/19/2023 5:02 PM
DATE MODIFIED: 4/19/2023 5:02 PM
4. The I/O and resource-based models contain many of the same steps. One clear difference between the two models is the resource-
based model starts by looking at the internal strengths and weaknesses of a firm, while the I/O model begins with an examination of
the external environment. Another key difference is the resource-based model identifies an attractive industry much earlier in the
process than does the I/O model.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: 1-4 The Resource-Based Model of Above-Average Returns
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: SM.HITT.24.01.04 - Use the resource-based model to explain how firms can earn above- average returns.
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
KEYWORDS: Bloom's: Analyze
DATE CREATED: 4/19/2023 5:02 PM
DATE MODIFIED: 4/19/2023 5:02 PM
Multiple Choice
5. What has a firm achieved when it successfully formulates and implements a value-creating strategy?
a. Strategic competitiveness
b. A permanently sustainable competitive advantage
c. Substantial returns
d. Legal and ethical core values
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: 1-1 An Overview of Strategy and Strategic Competitiveness
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: SM.HITT.24.01.01 - Define strategic competitiveness, strategy, competitive advantage, above-
average returns, and the strategic management process.
NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic
KEYWORDS: Bloom's: Understand
DATE CREATED: 4/19/2023 5:02 PM
DATE MODIFIED: 5/17/2023 4:21 PM
