Nike has come a long way from its humble beginnings. It has been able to outperform adidas in sales and become the undisputed leader in the athletic shoe and apparel industry. Which of the following statements accurately explains one of the main reasons f
________ are best described as unique strengths, embedded deep within a firm, that allow a firm to differentiate its products and services from those of its rivals, creating higher value for the customer or offering products and services of comparable val
Dandelions Max is a consumer electronics company. It has acquired an edge over its competitors through its ability to provide breakthrough technology at the lowest price in the market. This advantage of Dandelions Max best exemplifies a ________.
Which of the following is an example of a firm's resources?A) Liabilities such as bills payables and short-term debtsB) Routine activities like order taking and invoicing customers, performed in a firm C) Assets such as land and building owned by a firm
The management of a company is assessing the value of all the tangible resources the company owns. Which of the following will be included in this assessment?A) The company's machineryB) The company's patentsC) The company's brand equity D) The company
Intangible assets add great value to a firm primarily because the firm's:A) tangible assets require a higher degree of capital than its intangible assets.B) capabilities are by nature typically tangible. C) reputation and brand equity are accumulated qu
GN Corp. and BC Inc. are two competing firms in the same industry. GN Corp.'s tangible assets are valued at $15 billion and its intangible assets are valued at $35 billion. BC Inc.'s tangible assets are valued at $5 billion and its intangible assets are v
Coral Think Inc. is a new company in the publishing industry. It has raised sufficient capital from multiple sources. It is planning to use its capital to purchase certain assets. Which of the following assets will be the most difficult for Coral Think In
Which of the following statements accurately brings out the difference between tangible and intangible resources?A) Tangible assets can be bought on the open market, whereas intangible assets cannot be easily purchased. B) Tangible resources take a longe
Which of the following is an example of a firm's intangible resources?A) The firm's organizational cultureB) The firm's land and buildingC) The firm's cash at bank D) The firm's finished goods inventoryA
True Sync Inc. is a software company, which has built and acquired numerous assets over the years. According to the resource-based view of a firm, which of the following
True Home Inc., Super Cart Inc., and Daily Things Inc. are three consumer-product retailing companies. Their products consist primarily of day-to-day items that are easy to imitate and sell. All three companies use the same resources and capabilities in t
The resource-based view of a firm assumes that the:A) resources of firms are highly scarce and hence the government interferes to ensure equal distribution. B) resource bundles of firms competing in the same industry are unique to some extent and thus di
Trust Machines Inc. is a company that manufactures and markets consumer electronics. The unique microprocessors developed by the company contribute to its high resource immobility. According to the resource-based view of competitive advantage, which of th
The competitive advantage that one firm has will be short-lived in an industry where:A) perfect competition exists.B) capabilities of a firm are not easily replicable.C) resource immobility is high. D) resource heterogeneity is high.
The "Gold Crisps" potato wafers manufactured by True Foods Inc. have been the highest-selling wafers in the market. Though the market for wafers is flooded with competitors, True Foods Inc. has been able to maintain its market position for a long time. Th
Connect Plus Cellular is a leading mobile network operator. Since most of the resources used by Connect Plus Cellular is easily available, the company's brand name is the only resource that distinguishes it from the other operators. No other competitor in
If a resource is rare or unique to a particular firm, then:A) the industry in which the firm operates will experience perfect competition.B) it will be less costly for rivals to imitate the resource. C) the firm will be able to maintain a competitive ad
Onyx Tech Inc.'s competency in designing and manufacturing efficient microprocessors has made its laptops the most advanced computers in the market. This competency, along with the just-in-time manufacturing system, has enabled Onyx Tech Inc. to increase
Gene Craft Inc. is the market leader in the pharmaceutical industry. Though most of its resources are common to those of its competitors, a few rare resources have helped the company gain and sustain a competitive advantage. Which of the following assets
How are the critical assumptions of the resource-based model of a firm fundamentally different from the way in which a firm is viewed in the perfectly competitive industry structure?
The perfectly competitive industry structure differs from the resource-based model in its view that:A) all firms have access to the same resources.B) accessibility to bundles of resources differ across firms. C) competencies differ across firms working
In the context of the resource-based model of competitive advantage, which of the following scenarios best exemplifies resource immobility?
Although True Ion Inc. and One Electro Inc. operate in the same consumer electronic industry, True Ion Inc. has better sales and brand equity. This is attributed to True Ion Inc.'s commitment to innovation. The company has adequate financial and human cap
In the context of the resource-based model of competitive advantage, if a successful firm exhibits resource immobility it means that the:A) competitors can easily replicate or copy the firm's resource bundles and capabilities. B) firm will have a sustain
Maroon Inc. is a leading international apparel company. Competitors across the globe have failed to imitate Maroon Inc.'s production models, supply chain systems, knowledge systems, and culture. These attributes have remained unique to Maroon Inc. for a l
As a result of ________, a critical assumption in the resource-based model of a firm, the resource differences that exist between firms are difficult to replicate.A) resource equalityB) resource homogeneityC) resource immobility D) resource perishabili
TrueCandy Inc., a confectionery manufacturing company, lost its competitive advantage when its strategy of placing kiosks at prominent locations throughout the state was followed by most of its competitors. In this scenario, TrueCandy Inc.'s loss of compe
When the knowledge of a valuable and rare resource diffuses throughout an industry, the:A) structure of the industry will no longer be perfectly competitive.B) ability to sustain a competitive advantage will be restricted to one firm. C) firms in the in
Sarah has recently started a restaurant in a commercial area where there are many other established restaurants and popular fast food chains. Sarah owns the plot on which her restaurant is located and this makes her cost of operations lower than the compe
With regard to the VRIO framework, Crocs Shoes was unable to sustain its competitive advantage primarily because its products were:A) non-substitutableB) invaluable and commonC) easy to imitate D) extremely expensive
firm's resource is most likely to be an internal strength and a core competency when the resource is:A) valuable and costly to imitateB) easily accessible and mobileC) easy to substitute D) valuable but common
Otion Inc. is a relatively new firm in the consumer electronics industry. The company's primary objective is to become the market leader in less than 5 years, for which it has to gain and sustain a competitive advantage. In the context of the VRIO framewo
Creating resources that meet the VRIO criteria is strategically important to a firm because it:A) helps the firm to gain and sustain a competitive advantage.B) leads to competitive parity within the industry. C) facilitates greater knowledge diffusion i
Pulse Mobiles Inc. is a cell phone manufacturing company. Its latest range of smartphones bears a straight resemblance to the Y-series range of smartphones from Talkie Gen Inc., in terms of its shape and look-and-feel. Which of the following strategies ha
Even though many valuable, rare, and inimitable resources were generated at Xerox's Palo Alto Research Center (PARC), the management at Xerox's headquarters failed to gain a competitive advantage by exploiting the breakthroughs in computing software and h
________ are barriers to imitation that prevent rivals from competing away the advantage a firm may enjoy.A) Market nichesB) Cartel arrangementsC) Isolating mechanisms D) Embargoes
The share price of Groupon, a daily-deal website, fell by 90 percent just a year after its successful initial public offering. The firm was not able to sustain its competitive advantage because of the emergence of other daily-deal sites that were able to
Brown Foods Inc., a leading chocolate producer, anticipated that the prices of cocoa beans would double in less than three years. This would disrupt the availability of cocoa in the industry. Thus, Brown Foods Inc. decided to purchase cocoa plantations in
Competitors have found it extremely difficult to imitate Gene Electronics Inc.'s valuable resources, capabilities, or competencies. This is primarily because the source for the company's success has been unclear. The competitors are uncertain if Gene Elec
________ describes a process in which the options one faces in a current situation are limited by decisions made in the past.A) Social complexityB) Path dependenceC) Causal ambiguity D) Cannibalization
Mova Electronics, a leading pager manufacturer, recently declared itself bankrupt. This was attributed to a decision the company made in the past. While most of Mova's competitors were shifting their research focus toward cell phones, Mova invested most o
________ describes a situation in which the cause and effect of a phenomenon are not readily apparent.A) Resource immobilityB) Causal ambiguityC) Social complexity D) Resource heterogeneity
How does causal ambiguity act as an isolating mechanism for organizations?A) It makes it difficult for competitors to imitate core competencies quickly due to time compression diseconomies. B) It makes it difficult for competitors to deploy their resourc
A firm's resources and capabilities are costly to imitate. This is because rival companies do not clearly understand the relationship between the resources and capabilities controlled by the firm. In this case, the firm's competitive advantage is protecte
Vior Systems Inc. took many decades to build its core competencies, and these competencies were based primarily on the decisions made by the company's top management in the past. This process is called:A) causal dependenceB) dependence complexity C) pat
True Autos Inc. has been trying to directly copy the strategies of Red Autos Inc. Even though it is evident that Red Auto's Inc.'s success comes from its just-in-time inventory system, True Auto's Inc. has not been able to effectively apply the system in
It is difficult even for Apple's managers to pinpoint the underlying cause of the company's phenomenal success. The term that best applies to this difficulty is known as ________.A) causal ambiguityB) competitive dependenceC) resource mobility D) path
An observer may conclude that the organizational culture of Zappos, an online retailer for shoes and clothing, might be the basis for its competitive advantage. However, reverse social engineering to crack Zappos' code of success might be much more diffic |
In the context of the resource-based model of competitive advantage which of the following scenarios
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