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Exam 4: Internal Analysis: Resources, Capabilities, and Core Competencies

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Question 41

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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.This is mainly attributed to the unique taste of the wafers that comes from the unique natural flavoring used by the company.This competency of True Foods Inc.will be considered as a(n) _____ resource in the VRIO framework.

A) inexhaustible
B) rare
C) intangible
D) virtual

E) None of the above
F) A) and B)

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Question 42

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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 better serve the needs of local markets and specific population groups.Which of the following is the most accurate inference from this example?

A) Groupon's competency was not hard to imitate.
B) Groupon's competency was built more on an intangible resource than on a tangible one.
C) Groupon operated in an industry where the barriers to entry were high.
D) Groupon invested in resources that were invaluable and common.

E) A) and D)
F) B) and C)

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Question 43

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In a generic value chain,a firm's after-sales service will be referred to as its _____.

Which of the following applies to the Strength-Threats quadrant of the SWOT matrix?

The resource-based view of a firm assumes that the

The competitive advantage that one firm has will be short-lived in an industry where

To increase its competitive advantage,HRV Automobiles seeks to improve the efficiency of its production plants.By doing this,HRV is addressing a _____ in the value chain analysis.

If Finolo and Ethver,companies that manufacture televisions,develop the same customer knowledge base and create products that provide the same customer appeal as Invoro,a market leader in consumer electronics,then

Which of the following best exemplifies social complexity as an isolating mechanism?

_____ describes a situation in which the cause and effect of a phenomenon are not readily apparent.

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.

Which of the following statements fails to bring out the essence of the dynamic capabilities perspective?

Apple paid $3 billion dollars to acquire Beats.This is the largest acquisition in Apple's history.Which of the following provides a reason for this acquisition?

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 Electronics Inc.'s success is due to its strong leadership,the skills of its research and development team,or the timing of the company' s product introductions.Gene Electronics Inc.has been protected from losing its competitive advantage as a result of

Ambrosia 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,Ambrosia Inc.decided to purchase cocoa plantations in Ghana.As predicted,the prices of cocoa increased twofold.Because of the company-owned cocoa plantations,Ambrosia Inc.was able to sustain its competitive advantage in turbulent times.Which of the following isolating mechanisms does this scenario best illustrate?

A firm will fail to create a sustained competitive advantage when the

Several senior managers recently left Bass Automobile Inc.and went to work at Unicorn Autos Inc.,a rival company.What does this imply?

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 protected against imitation by

VRD 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

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 of its retained earnings on improvising its pagers.Once the pager market drastically declined,Mova Electronics was unable to capitalize on the new technology.Which of the following does this scenario best illustrate?