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Competitive advantage can best be described as

May 1st, 2013
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  2. Download: http://solutionzip.com/downloads/competitive-advantage-can-best-be-described-as/
  3.  
  4. Part 1 of 1 –
  5. Question 1 of 20 5.0 Points
  6. Competitive advantage can best be described as:
  7. A. increased efficiency.
  8. B. what sets an organization apart.
  9. C. a strength of the organization.
  10. D. intangible resources.
  11. Reset Selection
  12. Mark for Review What’s This?
  13. Question 2 of 20 5.0 Points
  14. Which one of the following factors is considered to make an organization’s resources unique?
  15. A. Durability
  16. B. Imitability
  17. C. Quality
  18. D. Efficiency
  19. Reset Selection
  20. Mark for Review What’s This?
  21. Question 3 of 20 5.0 Points
  22. Experiences, characteristics, and knowledge are all aspects that represent:
  23. A. financial resources.
  24. B. intangible resources.
  25. C. human resources.
  26. D. physical resources.
  27. Reset Selection
  28. Mark for Review What’s This?
  29. Question 4 of 20 5.0 Points
  30. Imitability of a resource can occur through:
  31. A. duplication.
  32. B. exploitation.
  33. C. substitution.
  34. D. duplication and substitution.
  35. Reset Selection
  36. Mark for Review What’s This?
  37. Question 5 of 20 5.0 Points
  38. According to the guerrilla view of competitive advantage, the state of an organization’s competitive advantage is:
  39. A. temporary.
  40. B. long term.
  41. C. long term based on the role of strategic leadership.
  42. D. able to provide stable cash flows.
  43. Reset Selection
  44. Mark for Review What’s This?
  45. Question 6 of 20 5.0 Points
  46. American Airlines starting an airfare war by drastically reducing prices is an example of a change in the __________ environment.
  47. A. internal
  48. B. external
  49. C. resource
  50. D. modified environment
  51. Reset Selection
  52. Mark for Review What’s This?
  53. Question 7 of 20 5.0 Points
  54. The use of equipment, materials, knowledge, and experience to perform tasks is defined as:
  55. A. the information revolution.
  56. B. technology.
  57. C. globalization.
  58. D. resource allocation.
  59. Reset Selection
  60. Mark for Review What’s This?
  61. Question 8 of 20 5.0 Points
  62. __________ is the process of taking a creative idea and turning it into a product or process that can be used or sold.
  63. A. Technology
  64. B. Innovation
  65. C. Invention
  66. D. Discovery
  67. Reset Selection
  68. Mark for Review What’s This?
  69. Question 9 of 20 5.0 Points
  70. The influence of globalization in managing strategically can be demonstrated in:
  71. A. the global marketplace.
  72. B. global competition.
  73. C. the organization itself.
  74. D. global competitors and the global marketplace.
  75. Reset Selection
  76. Mark for Review What’s This?
  77. Question 10 of 20 5.0 Points
  78. Capitalizing on information, people, ideas, and knowledge characterizes the implication of:
  79. A. vanishing distance.
  80. B. reduced need for physical assets.
  81. C. compressed time.
  82. D. turbulent change.
  83. Reset Selection
  84. Mark for Review What’s This?
  85. Question 11 of 20 5.0 Points
  86. __________ is defined as a structured transition in what an organization does and how it does it.
  87. A. Strategy
  88. B. Strategic management
  89. C. Organizational change
  90. D. Globalization
  91. Reset Selection
  92. Mark for Review What’s This?
  93. Question 12 of 20 5.0 Points
  94. Instant interactivity reflects the environment of:
  95. A. reduced need for physical assets.
  96. B. compressed time.
  97. C. vanishing distance.
  98. D. constant change.
  99. Reset Selection
  100. Mark for Review What’s This?
  101. Question 13 of 20 5.0 Points
  102. Companies such as Google and Apple are finding that they can achieve a sustainable competitive advantage with:
  103. A. physical assets.
  104. B. physical distance.
  105. C. non physical assets.
  106. D. vanishing distance.
  107. Reset Selection
  108. Mark for Review What’s This?
  109. Question 14 of 20 5.0 Points
  110. Corporate social responsibility (CSR) is the obligation of __________ to make decisions and act in ways that recognize the interrelatedness of business and society.
  111. A. competitors
  112. B. stakeholders
  113. C. community
  114. D. organizational decision makers
  115. Reset Selection
  116. Mark for Review What’s This?
  117. Question 15 of 20 5.0 Points
  118. The traditional view of social responsibility states that corporations:
  119. A. should exist only to represent the stockholders.
  120. B. must represent all stakeholder groups.
  121. C. should operate on the basis of their suppliers’ interests.
  122. D. function as a measure of consumer behavior.
  123. Reset Selection
  124. Mark for Review What’s This?
  125. Question 16 of 20 5.0 Points
  126. The __________ should elaborate a purpose for the organization.
  127. A. vision
  128. B. competitive strategy
  129. C. mission
  130. D. strategy
  131. Reset Selection
  132. Mark for Review What’s This?
  133. Question 17 of 20 5.0 Points
  134. A __________ statement is a statement of what specific organizational units do and what they hope to accomplish.
  135. A. vision
  136. B. strategy
  137. C. technology
  138. D. mission
  139. Reset Selection
  140. Mark for Review What’s This?
  141. Question 18 of 20 5.0 Points
  142. 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.
  143. A. industrial-organizational
  144. B. resource-based
  145. C. guerilla
  146. D. structured-competitive
  147. Reset Selection
  148. Mark for Review What’s This?
  149. Question 19 of 20 5.0 Points
  150. The ability to access information with great speed reflects the impact of:
  151. A. the information revolution.
  152. B. technological advances and breakthroughs.
  153. C. globalization.
  154. D. the Internet.
  155. Reset Selection
  156. Mark for Review What’s This?
  157. Question 20 of 20 5.0 Points
  158. The __________ view takes the approach that a firm’s resources are more important than industry structure in getting and keeping competitive advantage.
  159. A. industrial organization
  160. B. resources-based
  161. C. supplier-based
  162. D. guerrilla-based
  163. Reset Selection
  164. Mark for Review What’s This?
  165.  
  166.  
  167. Download: http://solutionzip.com/downloads/competitive-advantage-can-best-be-described-as/
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