MGMT 4513 FINAL EXAM QUESTIONS AND ANSWERS 2024
Which of the following would be the most difficult to assess?
A. The deficiency with which a firm utilizes its assets
B. The liquidity position of a firm
C. Market share growth
D. The legitimacy and reputation of a firm 🗸D. The legitimacy and reputation of a firm
True or False
A newly acquired business must always have products that are similar to the existing businesses' products to benefit from the corporation's core competence 🗸False
A crash R&D program buy one firm cannot replicate a successful technology developed by another firm when research findings cumulate. This is an example of
A. Social complexity
B. Path dependency C. Physical uniqueness
D. Casual ambiguity 🗸B. Path dependency
Although firm infrastructure is often viewed only as an overhead expense, it can become a source of competitive advantage. Examples include all of the following except;
A. Marketing expertise increasing a firm's revenues and enabling it to enter new markets
B. Negotiating and maintaining ongoing relations and regulatory bodies
ShiFuExpert C. Effective information systems contributing significantly to a firm's overall cost leadership strategy
D. T op management proving a key role in collaborating with important customers 🗸A. Marketing expertise increasing a firm's revenues and enabling it to enter new markets
A resource is valuable and rare but neither difficult to imitate nor without substitutes. This should enable the firm to attain
A. No competitive advantage
B. Competitive parity
C. A sustainable competitive advantage D. A temporary competitive advantage 🗸D. A temporary competitive advantage
True or False
Establishing a customer service hotline to handle customer complaints would
be considered a primary activity in value chain analysis 🗸True
Which statement regarding competitive advantages is true?
A. If several competitors pursue similar differentiation tactics, they may all be perceived as equals in the mind of the consumers B. With an overall cost leadership strategy, firms need not be concerned with
parity on differentiation C. In the long run, a business with one or more competitive advantage is probably destined to earn normal profits
D. Attaining multiple types of competitive advantage is a recipe for failure 🗸A. If several competitors pursue similar differentiation tactics, they may al be perceived as equals in the mind of the consumers
ShiFuExpert
Which of the following would be the most difficult to assess?
A. The deficiency with which a firm utilizes its assets
B. The liquidity position of a firm
C. Market share growth
D. The legitimacy and reputation of a firm 🗸D. The legitimacy and reputation of a firm
True or False
A newly acquired business must always have products that are similar to the existing businesses' products to benefit from the corporation's core competence 🗸False
A crash R&D program buy one firm cannot replicate a successful technology developed by another firm when research findings cumulate. This is an example of
A. Social complexity
B. Path dependency C. Physical uniqueness
D. Casual ambiguity 🗸B. Path dependency
Although firm infrastructure is often viewed only as an overhead expense, it can become a source of competitive advantage. Examples include all of the following except;
A. Marketing expertise increasing a firm's revenues and enabling it to enter new markets
B. Negotiating and maintaining ongoing relations and regulatory bodies
ShiFuExpert C. Effective information systems contributing significantly to a firm's overall cost leadership strategy
D. T op management proving a key role in collaborating with important customers 🗸A. Marketing expertise increasing a firm's revenues and enabling it to enter new markets
A resource is valuable and rare but neither difficult to imitate nor without substitutes. This should enable the firm to attain
A. No competitive advantage
B. Competitive parity
C. A sustainable competitive advantage D. A temporary competitive advantage 🗸D. A temporary competitive advantage
True or False
Establishing a customer service hotline to handle customer complaints would
be considered a primary activity in value chain analysis 🗸True
Which statement regarding competitive advantages is true?
A. If several competitors pursue similar differentiation tactics, they may all be perceived as equals in the mind of the consumers B. With an overall cost leadership strategy, firms need not be concerned with
parity on differentiation C. In the long run, a business with one or more competitive advantage is probably destined to earn normal profits
D. Attaining multiple types of competitive advantage is a recipe for failure 🗸A. If several competitors pursue similar differentiation tactics, they may al be perceived as equals in the mind of the consumers
ShiFuExpert
