Frank Rothaermel strategic management Test bank 6th edition UP
j j j j j j j j
DATED 2023 QUESTIONS AND ANSWERS GRADED A+
j j j j j j
1. KeepingjinjmindjApple'sjcompetitivejadvantage,jwhichjofjthejfollowingjproductsjwasjintr
oducedjbyjApplejinj2007?
A. iPaj
d
B. iPhon
e
C. iPoj
d
D. iTune
js
2. isjbestjdescribedjasjanjintegrativejmanagementjfieldjthatjcombinesjanalysis,jfor
mulation,jandjimplementationjinjthejquestjforjcompetitivejadvantage.
A. Supplyjchainj
management
B. Integratedjtechnologyj
management
C. Strategicjma
nagement
D. Inventoryjm
anagement
3. isjbestjdescribedjasjajsetjofjgoal-
directedjactionsjajfirmjtakesjtojgainjandsustainjsuperiorjperformancejrelativejtojcompetito
rs.
A. Behaviorjmo
dification
B. Strateg
jy
C. Cred
jo
D. Competencyj
management
,4. Whichjofjthejfollowingjstagesjofjthejstrategicjmanagementjprocessjinvolvesjanjeva
luationjofjajfirm'sjexternaljandjinternaljenvironments?
A. Strategy
janalysis
B. Strategyjimple
mentation
C. Strategyjfor
mulation
D. Strategy
jcontrol
5. In ,jajfirmjframesjajguidingjpolicyjtojaddressjthejcompetitivejchallenge.
A. strategy
jcontrol
B. strategyjimplem
entation
C. strategyjfor
mulation
D. strategyj
analysis
6. Through
,jajfirmjputsjitsjguidingjpolicyjintojpracticejbyjemployingjajsetjofjcoh
erentjactions.
A. strategy
jcontrol
B. strategyjimplem
entation
C. strategyjfor
mulation
D. strategyj
analysis
,7. Ajfirmjthatjachievesjsuperiorjperformancejrelativejtojotherjfirmsjinjthejsamejindustryorjthejindu
stryjaveragejhasja(n) .
A. competitive
jadvantage
B. balancedj
scorecard
C. power
position
D. equity
leverage
8. CadiajFoodsjInc.jwasjthejfirstjcompanyjtojstartjsellingjenergyjdrinksjinjitsjcountry—
aproductjthatjgainedjpopularityjamongjdiversejgroups.jSoon,jotherjcompaniesjstartedtojselljtheirjo
wnjbrandsjofjenergyjdrinks,jtherebyjgivingjCadiajFoodsjamplejcompetition.jInjresponse,jCadiajFoo
dsjdecidedjtojlimitjitsjvarietyjofjenergyjdrinksjtojonlyjtwo.jHowever,jitjensuredjthatjthesejtwojflavor
sjwerejfreejofjcaloriesjandjlowjinjcost.jWithjthisjinnovation,jCadiajFoodsjInc.jconsistentlyjoutperfor
medjitsjcompetitorsforjtenjyears.jInjthisjscenario,jCadiajFoodsjInc.jhasjmaintainedja
throughjitsjinn
ovativejstrategy.
A. balancedj
scorecard
B. fiduciaryjresp
onsibility
C. consistentjpowerj
position
D. sustainablejcompetitivej
advantage
9. Whichjofjthejfollowingjscenariosjillustratesjajfirmjthatjhasjajsustainablejcompetitivejadv
antage?
A. NewonjInc.jgeneratedjajrevenuejofj$300,000jthisjfinancialjyear,jwhichjisjclosejtothejindu
strialjrevenuejaveragejofj$320,000.
B. SMjInc.jalmostjdoubledjitsjsalesjtoj8500junitsjthisjyearjcomparedjtojitsjpreviousyear'sjsale
sjofj5000junits,jthoughjthejindustryjaveragejisj10,000junits.
C. TrueLinkjCorp.jwasjablejtojholdjitsjmarketjsharejofj68jpercentjinjthejsocialjnet
workingjindustryjforjmorejthanjthreejyears.
D. MaxjElectrovajInc.jwasjablejtojoutperformjitsjcompetitorsjwithjitsjnewjproductionsystem,jinjter
msjofjrevenue,jforjajbriefjperiodjofjfourjmonths.
, 10. IfjSAjPharmaceuticalsjobtainsjanj18jpercentjreturnjonjinvestedjcapital,jwhichjofjthefollowingjwillj
helpjdeterminejifjitjhasjajcompetitivejadvantagejoverjotherjpharmaceuticaljcompanies?
A. Comparingjthejreturnjtojthejreturnjonjinvestedjcapitaljobtainedjbyjotherjfirmsinjthejindu
stry
B. Assessingjthejvaluejbasedjonjthejshareholders'jexpectationsjofjreturnjontheirjcapit
al
C. Evaluatingjthejliquidityjratiosjforjotherjpharmaceuticaljc
ompanies
D. Comparingjthejvaluejtojthejhistoryjofjthejfirm'sjreturnjofjinvestmentjoverjanumberjofjyears
11. Underperformancejrelativejtojotherjfirmsjinjthejsamejindustryjorjthejindustryaveragejres
ultsjinja(n) forjajfirm.
A. sustainablejcompetitivej
advantage
B. increasedjpowerj
distance
C. diseconomiesjofj
scope
D. competitivej
disadvantage
12. NewjCommunicationsjInc.jisjajnewspaperjpublishingjcompanyjwhosejaveragejreturnonjinv
estedjcapitaljisjapproximatelyj5jpercent.jBecausejnewspaperjpublishingjisjadecliningjindust
ry,jthejindustryjaveragejhasjbeenjnegativej(-
5jpercent)jforjthejlastjfewjyears.jInjthisjscenario,jNewjCommunicationsjInc.jhasja .
A. competitive
jadvantage
B. balancedj
scorecard
C. competitivej
disadvantage
D. power
position
j j j j j j j j
DATED 2023 QUESTIONS AND ANSWERS GRADED A+
j j j j j j
1. KeepingjinjmindjApple'sjcompetitivejadvantage,jwhichjofjthejfollowingjproductsjwasjintr
oducedjbyjApplejinj2007?
A. iPaj
d
B. iPhon
e
C. iPoj
d
D. iTune
js
2. isjbestjdescribedjasjanjintegrativejmanagementjfieldjthatjcombinesjanalysis,jfor
mulation,jandjimplementationjinjthejquestjforjcompetitivejadvantage.
A. Supplyjchainj
management
B. Integratedjtechnologyj
management
C. Strategicjma
nagement
D. Inventoryjm
anagement
3. isjbestjdescribedjasjajsetjofjgoal-
directedjactionsjajfirmjtakesjtojgainjandsustainjsuperiorjperformancejrelativejtojcompetito
rs.
A. Behaviorjmo
dification
B. Strateg
jy
C. Cred
jo
D. Competencyj
management
,4. Whichjofjthejfollowingjstagesjofjthejstrategicjmanagementjprocessjinvolvesjanjeva
luationjofjajfirm'sjexternaljandjinternaljenvironments?
A. Strategy
janalysis
B. Strategyjimple
mentation
C. Strategyjfor
mulation
D. Strategy
jcontrol
5. In ,jajfirmjframesjajguidingjpolicyjtojaddressjthejcompetitivejchallenge.
A. strategy
jcontrol
B. strategyjimplem
entation
C. strategyjfor
mulation
D. strategyj
analysis
6. Through
,jajfirmjputsjitsjguidingjpolicyjintojpracticejbyjemployingjajsetjofjcoh
erentjactions.
A. strategy
jcontrol
B. strategyjimplem
entation
C. strategyjfor
mulation
D. strategyj
analysis
,7. Ajfirmjthatjachievesjsuperiorjperformancejrelativejtojotherjfirmsjinjthejsamejindustryorjthejindu
stryjaveragejhasja(n) .
A. competitive
jadvantage
B. balancedj
scorecard
C. power
position
D. equity
leverage
8. CadiajFoodsjInc.jwasjthejfirstjcompanyjtojstartjsellingjenergyjdrinksjinjitsjcountry—
aproductjthatjgainedjpopularityjamongjdiversejgroups.jSoon,jotherjcompaniesjstartedtojselljtheirjo
wnjbrandsjofjenergyjdrinks,jtherebyjgivingjCadiajFoodsjamplejcompetition.jInjresponse,jCadiajFoo
dsjdecidedjtojlimitjitsjvarietyjofjenergyjdrinksjtojonlyjtwo.jHowever,jitjensuredjthatjthesejtwojflavor
sjwerejfreejofjcaloriesjandjlowjinjcost.jWithjthisjinnovation,jCadiajFoodsjInc.jconsistentlyjoutperfor
medjitsjcompetitorsforjtenjyears.jInjthisjscenario,jCadiajFoodsjInc.jhasjmaintainedja
throughjitsjinn
ovativejstrategy.
A. balancedj
scorecard
B. fiduciaryjresp
onsibility
C. consistentjpowerj
position
D. sustainablejcompetitivej
advantage
9. Whichjofjthejfollowingjscenariosjillustratesjajfirmjthatjhasjajsustainablejcompetitivejadv
antage?
A. NewonjInc.jgeneratedjajrevenuejofj$300,000jthisjfinancialjyear,jwhichjisjclosejtothejindu
strialjrevenuejaveragejofj$320,000.
B. SMjInc.jalmostjdoubledjitsjsalesjtoj8500junitsjthisjyearjcomparedjtojitsjpreviousyear'sjsale
sjofj5000junits,jthoughjthejindustryjaveragejisj10,000junits.
C. TrueLinkjCorp.jwasjablejtojholdjitsjmarketjsharejofj68jpercentjinjthejsocialjnet
workingjindustryjforjmorejthanjthreejyears.
D. MaxjElectrovajInc.jwasjablejtojoutperformjitsjcompetitorsjwithjitsjnewjproductionsystem,jinjter
msjofjrevenue,jforjajbriefjperiodjofjfourjmonths.
, 10. IfjSAjPharmaceuticalsjobtainsjanj18jpercentjreturnjonjinvestedjcapital,jwhichjofjthefollowingjwillj
helpjdeterminejifjitjhasjajcompetitivejadvantagejoverjotherjpharmaceuticaljcompanies?
A. Comparingjthejreturnjtojthejreturnjonjinvestedjcapitaljobtainedjbyjotherjfirmsinjthejindu
stry
B. Assessingjthejvaluejbasedjonjthejshareholders'jexpectationsjofjreturnjontheirjcapit
al
C. Evaluatingjthejliquidityjratiosjforjotherjpharmaceuticaljc
ompanies
D. Comparingjthejvaluejtojthejhistoryjofjthejfirm'sjreturnjofjinvestmentjoverjanumberjofjyears
11. Underperformancejrelativejtojotherjfirmsjinjthejsamejindustryjorjthejindustryaveragejres
ultsjinja(n) forjajfirm.
A. sustainablejcompetitivej
advantage
B. increasedjpowerj
distance
C. diseconomiesjofj
scope
D. competitivej
disadvantage
12. NewjCommunicationsjInc.jisjajnewspaperjpublishingjcompanyjwhosejaveragejreturnonjinv
estedjcapitaljisjapproximatelyj5jpercent.jBecausejnewspaperjpublishingjisjadecliningjindust
ry,jthejindustryjaveragejhasjbeenjnegativej(-
5jpercent)jforjthejlastjfewjyears.jInjthisjscenario,jNewjCommunicationsjInc.jhasja .
A. competitive
jadvantage
B. balancedj
scorecard
C. competitivej
disadvantage
D. power
position
