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- Download: http://solutionzip.com/downloads/competitive-advantage-can-best-be-described-as/
- Part 1 of 1 –
- Question 1 of 20 5.0 Points
- Competitive advantage can best be described as:
- A. increased efficiency.
- B. what sets an organization apart.
- C. a strength of the organization.
- D. intangible resources.
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- Question 2 of 20 5.0 Points
- Which one of the following factors is considered to make an organization’s resources unique?
- A. Durability
- B. Imitability
- C. Quality
- D. Efficiency
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- Question 3 of 20 5.0 Points
- Experiences, characteristics, and knowledge are all aspects that represent:
- A. financial resources.
- B. intangible resources.
- C. human resources.
- D. physical resources.
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- Question 4 of 20 5.0 Points
- Imitability of a resource can occur through:
- A. duplication.
- B. exploitation.
- C. substitution.
- D. duplication and substitution.
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- Question 5 of 20 5.0 Points
- According to the guerrilla view of competitive advantage, the state of an organization’s competitive advantage is:
- A. temporary.
- B. long term.
- C. long term based on the role of strategic leadership.
- D. able to provide stable cash flows.
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- Question 6 of 20 5.0 Points
- American Airlines starting an airfare war by drastically reducing prices is an example of a change in the __________ environment.
- A. internal
- B. external
- C. resource
- D. modified environment
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- Question 7 of 20 5.0 Points
- The use of equipment, materials, knowledge, and experience to perform tasks is defined as:
- A. the information revolution.
- B. technology.
- C. globalization.
- D. resource allocation.
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- Question 8 of 20 5.0 Points
- __________ is the process of taking a creative idea and turning it into a product or process that can be used or sold.
- A. Technology
- B. Innovation
- C. Invention
- D. Discovery
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- Question 9 of 20 5.0 Points
- The influence of globalization in managing strategically can be demonstrated in:
- A. the global marketplace.
- B. global competition.
- C. the organization itself.
- D. global competitors and the global marketplace.
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- Question 10 of 20 5.0 Points
- Capitalizing on information, people, ideas, and knowledge characterizes the implication of:
- A. vanishing distance.
- B. reduced need for physical assets.
- C. compressed time.
- D. turbulent change.
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- Question 11 of 20 5.0 Points
- __________ is defined as a structured transition in what an organization does and how it does it.
- A. Strategy
- B. Strategic management
- C. Organizational change
- D. Globalization
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- Question 12 of 20 5.0 Points
- Instant interactivity reflects the environment of:
- A. reduced need for physical assets.
- B. compressed time.
- C. vanishing distance.
- D. constant change.
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- Question 13 of 20 5.0 Points
- Companies such as Google and Apple are finding that they can achieve a sustainable competitive advantage with:
- A. physical assets.
- B. physical distance.
- C. non physical assets.
- D. vanishing distance.
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- Question 14 of 20 5.0 Points
- Corporate social responsibility (CSR) is the obligation of __________ to make decisions and act in ways that recognize the interrelatedness of business and society.
- A. competitors
- B. stakeholders
- C. community
- D. organizational decision makers
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- Question 15 of 20 5.0 Points
- The traditional view of social responsibility states that corporations:
- A. should exist only to represent the stockholders.
- B. must represent all stakeholder groups.
- C. should operate on the basis of their suppliers’ interests.
- D. function as a measure of consumer behavior.
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- Question 16 of 20 5.0 Points
- The __________ should elaborate a purpose for the organization.
- A. vision
- B. competitive strategy
- C. mission
- D. strategy
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- Question 17 of 20 5.0 Points
- A __________ statement is a statement of what specific organizational units do and what they hope to accomplish.
- A. vision
- B. strategy
- C. technology
- D. mission
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- Question 18 of 20 5.0 Points
- The competitive advantage perspective that focuses on structural forces within an industry, the competitive environment of firms, and how these influence competitive advantage is the __________ view.
- A. industrial-organizational
- B. resource-based
- C. guerilla
- D. structured-competitive
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- Question 19 of 20 5.0 Points
- The ability to access information with great speed reflects the impact of:
- A. the information revolution.
- B. technological advances and breakthroughs.
- C. globalization.
- D. the Internet.
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- Question 20 of 20 5.0 Points
- The __________ view takes the approach that a firm’s resources are more important than industry structure in getting and keeping competitive advantage.
- A. industrial organization
- B. resources-based
- C. supplier-based
- D. guerrilla-based
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- Download: http://solutionzip.com/downloads/competitive-advantage-can-best-be-described-as/
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