TEST BANK FOR
b/ b/
STRATEGIC MANAGEMENT 6TH EDITION ROTHAER
b/ b/ b/ b/b/
MEL FRANK b/
ISBN 978-1266191862
b/
,Chapterb/1-12b / Answersb/areb/atb/theb/Endb/ofb/Eachb/Chapter
Chapterb/1
Studentb/name:
1) Ab/goodb/strategyb/allowsb/ab/firmb/tob/achieveb/superiorb/performanceb/andb/sustainableb/compe
titiveb/advantageb/withoutb/regardb/tob/theb/externalb/environment.
⊚b / true
⊚b / false
2) Theb/followingb/statementb/byb/theb/chiefb/executiveb/ofb/MegaFilmsb/movieb/studiob/shouldb/n
otb/beb/usedb/asb/ab/strategy:b/“Web/willb/produceb/theb/greatestb/filmsb/ofb/theb/21stb/century.”
⊚b / true
⊚b / false
3) Theb/threeb/tasksb/ofb/theb/AFIb/strategyb/frameworkb/areb/tob/Assembleb/ab/prototype,b/Findb/ab/buy
er,b/andb/Incorporateb/feedback.
⊚b / true
⊚b / false
4) Questionsb/askedb/duringb/theb/strategyb/analysisb/stageb/ofb/theb/AFIb/frameworkb/shouldb/incl
udeb/“Whatb/effectsb/dob/forcesb/inb/theb/externalb/environmentb/haveb/onb/theb/firm’sb/potentialb/t
ob/gainb/andb/sustainb/ab/competitiveb/advantage?”
⊚b / true
⊚b / false
,5) Onceb/ab/strategyb/hasb/beenb/formulatedb/andb/implemented,b/itb/isb/importantb/thatb/theb/firmb/stic
ksb/tob/itb/nob/matterb/whatb/happens.
⊚b / true
⊚b / false
6) Becauseb/theyb/areb/ab/crucialb/componentb/ofb/ab/firm’sb/success,b/customersb/areb/consideredb/in
ternalb/stakeholders.
⊚b / true
⊚b / false
7) Ab/firmb/isb/requiredb/byb/societyb/andb/itsb/shareholdersb/tob/meetb/itsb/ethicalb/andb/philant
hropicb/responsibilities.
⊚b / true
⊚b / false
8) Stakeholderb/impactb/analysisb/providesb/ab/decisionb/toolb/thatb/helpsb/strategicb/leadersb/recogniz
eb/theb/needsb/ofb/differentb/stakeholders.
⊚b / true
⊚b / false
9) Juanb/wantsb/tob/openb/hisb/ownb/hotb/dogb/restaurantb/butb/doesn’tb/knowb/anythingb/aboutb/busine
ss.b/Heb/needsb/helpb/determiningb/whob/hisb/competitionb/is,b/howb/heb/shouldb/craftb/hisb/strateg
yb/tob/competeb/andb/howb/he’llb/implementb/hisb/strategyb/tob/achieveb/ab/competitiveb/advantag
e.b/He’sb/hiredb/youb/tob/helpb/himb/getb/started.b/Asb/ab/result,b/youb/willb/probablyb/useb/whichb/o
fb/theb/following?
A) AFIb/strategyb/framework
B) Redb/Queenb/effect
C) competitiveb/benchmarking
D) Stakeholderb/Impactb/analysis
, 10) Robertab/isb/interestedb/inb/theb/conceptb/ofb/strategyb/andb/decidesb/tob/createb/herb/own.b/Asb/a
result,b/Robertab/saysb/thatb/herb/strategyb/isb/tob/focusb/onb/competitiveb/benchmarkingb/tob/
b/
achieveb/competitiveb/advantage.b/Whichb/isb/theb/bestb/evaluationb/ofb/Roberta’sb/statement
?
A) Roberta’sb/strategyb/isb/clear,b/butb/sheb/shouldb/provideb/moreb/detail.
B) Roberta’sb/strategyb/revealsb/ab/clearb/strategicb/positionb/andb/tradeoff,b/sob/sheb/sh
ouldb/proceed.
C) Robertab/shouldb/reevaluateb/herb/statementb/becauseb/itb/failsb/tob/mentionb/moreb/tha
nb/oneb/strategy.
D) Robertab/shouldb/reevaluateb/herb/statementb/becauseb/itb/failsb/tob/meetb/theb/principlesb/of
b/whatb/ab/strategyb/shouldb/be.
11) Tony’sb/Pizzab/Shopb/isb/ableb/tob/netb/$10,000b/ab/week;b/thisb/makesb/theb/shopb/profitable.b/Itsb/
numberb/oneb/competitor,b/Leo’sb/Pies,b/isb/alsob/profitable,b/nettingb/$12,000b/ab/week.b/Lilb/A
nthony’sb/Pizzab/Palaceb/netsb/$13,000b/ab/week.b/Sinceb/Tony’sb/Pizzab/Shopb/isb/profitable,b/w
eb/canb/concludeb/thatb/itb/hasb/ab/competitiveb/advantageb/inb/itsb/industry.
A) True—competitiveb/advantageb/isb/achievedb/throughb/profitabilityb/alone.
B) True—competitiveb/advantageb/isb/achievedb/sinceb/Tonyb/hasb/ab/positiveb/netb/income.
C) False—
competitiveb/advantageb/isb/onlyb/achievedb/byb/generatingb/aboveb/averageb/returns,b/rel
ativeb/tob/competition.
D) False—
Tonyb/moreb/thanb/likelyb/hasb/ab/sustainedb/competitiveb/advantageb/sinceb/he’sb/beenb/in
b/businessb/longer.
12) Bill’sb/Autob/&b/Airplaneb/Repairb/shopb/isb/ableb/tob/generateb/ab/positiveb/netb/incomeb/ofb/$1
0,000b/ab/week,b/whichb/isb/aboutb/theb/sameb/asb/theb/incomeb/ofb/ab/closeb/competitor.b/Asb/a
b/result,b/web/canb/concludeb/thatb/theb/twob/businessesb/alsob/haveb/ab/competitiveb/parityb/inb
/theb/industry.
A) Correct—competitiveb/advantageb/isb/achievedb/throughb/profitabilityb/alone.
B) Correct—
competitiveb/advantageb/isb/achievedb/sinceb/Bill’sb/Autob/&b/Airplaneb/Repairb/shopb/hasb/
ab/positiveb/netb/income.
C) Correct—competitiveb/parityb/isb/ab/performanceb/ofb/twob/orb/moreb/firmsb/atb/theb/sameb/level.
D) Incorrect—
Bill’sb/Autob/&b/Airplaneb/Repairb/shopb/moreb/thanb/likelyb/hasb/ab/sustainedb/comp
etitiveb/advantageb/becauseb/theb/businessb/isb/diversified.
b/ b/
STRATEGIC MANAGEMENT 6TH EDITION ROTHAER
b/ b/ b/ b/b/
MEL FRANK b/
ISBN 978-1266191862
b/
,Chapterb/1-12b / Answersb/areb/atb/theb/Endb/ofb/Eachb/Chapter
Chapterb/1
Studentb/name:
1) Ab/goodb/strategyb/allowsb/ab/firmb/tob/achieveb/superiorb/performanceb/andb/sustainableb/compe
titiveb/advantageb/withoutb/regardb/tob/theb/externalb/environment.
⊚b / true
⊚b / false
2) Theb/followingb/statementb/byb/theb/chiefb/executiveb/ofb/MegaFilmsb/movieb/studiob/shouldb/n
otb/beb/usedb/asb/ab/strategy:b/“Web/willb/produceb/theb/greatestb/filmsb/ofb/theb/21stb/century.”
⊚b / true
⊚b / false
3) Theb/threeb/tasksb/ofb/theb/AFIb/strategyb/frameworkb/areb/tob/Assembleb/ab/prototype,b/Findb/ab/buy
er,b/andb/Incorporateb/feedback.
⊚b / true
⊚b / false
4) Questionsb/askedb/duringb/theb/strategyb/analysisb/stageb/ofb/theb/AFIb/frameworkb/shouldb/incl
udeb/“Whatb/effectsb/dob/forcesb/inb/theb/externalb/environmentb/haveb/onb/theb/firm’sb/potentialb/t
ob/gainb/andb/sustainb/ab/competitiveb/advantage?”
⊚b / true
⊚b / false
,5) Onceb/ab/strategyb/hasb/beenb/formulatedb/andb/implemented,b/itb/isb/importantb/thatb/theb/firmb/stic
ksb/tob/itb/nob/matterb/whatb/happens.
⊚b / true
⊚b / false
6) Becauseb/theyb/areb/ab/crucialb/componentb/ofb/ab/firm’sb/success,b/customersb/areb/consideredb/in
ternalb/stakeholders.
⊚b / true
⊚b / false
7) Ab/firmb/isb/requiredb/byb/societyb/andb/itsb/shareholdersb/tob/meetb/itsb/ethicalb/andb/philant
hropicb/responsibilities.
⊚b / true
⊚b / false
8) Stakeholderb/impactb/analysisb/providesb/ab/decisionb/toolb/thatb/helpsb/strategicb/leadersb/recogniz
eb/theb/needsb/ofb/differentb/stakeholders.
⊚b / true
⊚b / false
9) Juanb/wantsb/tob/openb/hisb/ownb/hotb/dogb/restaurantb/butb/doesn’tb/knowb/anythingb/aboutb/busine
ss.b/Heb/needsb/helpb/determiningb/whob/hisb/competitionb/is,b/howb/heb/shouldb/craftb/hisb/strateg
yb/tob/competeb/andb/howb/he’llb/implementb/hisb/strategyb/tob/achieveb/ab/competitiveb/advantag
e.b/He’sb/hiredb/youb/tob/helpb/himb/getb/started.b/Asb/ab/result,b/youb/willb/probablyb/useb/whichb/o
fb/theb/following?
A) AFIb/strategyb/framework
B) Redb/Queenb/effect
C) competitiveb/benchmarking
D) Stakeholderb/Impactb/analysis
, 10) Robertab/isb/interestedb/inb/theb/conceptb/ofb/strategyb/andb/decidesb/tob/createb/herb/own.b/Asb/a
result,b/Robertab/saysb/thatb/herb/strategyb/isb/tob/focusb/onb/competitiveb/benchmarkingb/tob/
b/
achieveb/competitiveb/advantage.b/Whichb/isb/theb/bestb/evaluationb/ofb/Roberta’sb/statement
?
A) Roberta’sb/strategyb/isb/clear,b/butb/sheb/shouldb/provideb/moreb/detail.
B) Roberta’sb/strategyb/revealsb/ab/clearb/strategicb/positionb/andb/tradeoff,b/sob/sheb/sh
ouldb/proceed.
C) Robertab/shouldb/reevaluateb/herb/statementb/becauseb/itb/failsb/tob/mentionb/moreb/tha
nb/oneb/strategy.
D) Robertab/shouldb/reevaluateb/herb/statementb/becauseb/itb/failsb/tob/meetb/theb/principlesb/of
b/whatb/ab/strategyb/shouldb/be.
11) Tony’sb/Pizzab/Shopb/isb/ableb/tob/netb/$10,000b/ab/week;b/thisb/makesb/theb/shopb/profitable.b/Itsb/
numberb/oneb/competitor,b/Leo’sb/Pies,b/isb/alsob/profitable,b/nettingb/$12,000b/ab/week.b/Lilb/A
nthony’sb/Pizzab/Palaceb/netsb/$13,000b/ab/week.b/Sinceb/Tony’sb/Pizzab/Shopb/isb/profitable,b/w
eb/canb/concludeb/thatb/itb/hasb/ab/competitiveb/advantageb/inb/itsb/industry.
A) True—competitiveb/advantageb/isb/achievedb/throughb/profitabilityb/alone.
B) True—competitiveb/advantageb/isb/achievedb/sinceb/Tonyb/hasb/ab/positiveb/netb/income.
C) False—
competitiveb/advantageb/isb/onlyb/achievedb/byb/generatingb/aboveb/averageb/returns,b/rel
ativeb/tob/competition.
D) False—
Tonyb/moreb/thanb/likelyb/hasb/ab/sustainedb/competitiveb/advantageb/sinceb/he’sb/beenb/in
b/businessb/longer.
12) Bill’sb/Autob/&b/Airplaneb/Repairb/shopb/isb/ableb/tob/generateb/ab/positiveb/netb/incomeb/ofb/$1
0,000b/ab/week,b/whichb/isb/aboutb/theb/sameb/asb/theb/incomeb/ofb/ab/closeb/competitor.b/Asb/a
b/result,b/web/canb/concludeb/thatb/theb/twob/businessesb/alsob/haveb/ab/competitiveb/parityb/inb
/theb/industry.
A) Correct—competitiveb/advantageb/isb/achievedb/throughb/profitabilityb/alone.
B) Correct—
competitiveb/advantageb/isb/achievedb/sinceb/Bill’sb/Autob/&b/Airplaneb/Repairb/shopb/hasb/
ab/positiveb/netb/income.
C) Correct—competitiveb/parityb/isb/ab/performanceb/ofb/twob/orb/moreb/firmsb/atb/theb/sameb/level.
D) Incorrect—
Bill’sb/Autob/&b/Airplaneb/Repairb/shopb/moreb/thanb/likelyb/hasb/ab/sustainedb/comp
etitiveb/advantageb/becauseb/theb/businessb/isb/diversified.
