Question 1

Which of the following is NOT a basic resource for any firm?

Accepted Answer

A)   Tangible assets
B)   Core outputs
C)   Intangible assets
D)   Organizational capabilitiesE) A) and B)
F) None of the above

Question 2

SWOT analysis's value and continued use is found in its:

Accepted Answer

A)   Complexity
B)   Difficulty
C)   Simplicity
D)   Short-sighted natureE) B) and C)
F) A) and B)

Question 3

A company producing toilet paper,tissues and other consumer paper goods can work to establish the right product lines,with reasonable sales volumes,profit margins and growth potential in order to generate:

Accepted Answer

A)   Supplier power to face massive buyer power in retail customers
B)   Buyer power for the end-consumers
C)   Supplier power for the retail chains
D)   Regional advantages over buyersE) C) and D)
F) All of the above

Question 4

Which cell in the SWOT analysis diagram is the most favorable situation?

Accepted Answer

A)   Cell 1
B)   Cell 2
C)   Cell 3
D)   Cell 4E) B) and D)
F) C) and D)

Question 5

________ represents the least favorable situation,with the firm facing major environmental threats from a weak resource position.

Accepted Answer

A)   Cell 1
B)   Cell 2
C)   Cell 3
D)   Cell 4E) All of the above
F) A) and B) D

Question 6

According to a SWOT analysis diagram,what strategy does Cell 1 support?

Accepted Answer

A)   Aggressive
B)   Turnaround
C)   Defensive
D)   DiversificationE) C) and D)
F) B) and C)

Question 7

A manager's assessment of whether a certain internal factor--like financial capacity--is a strength or weakness will be most strongly influenced by:

Accepted Answer

A)   The relative strength of other factors
B)   The factor's flexibility within the organization
C)   The manager's experience in connection with that factor
D)   The manger's perception of that factor in other firmsE) All of the above
F) None of the above

Question 8

A(n) ______ is a major unfavorable situation in a firm's environment.

Accepted Answer

A)   Weakness
B)   Core strength
C)   Competitive disadvantage
D)   ThreatE) A) and B)
F) C) and D)

Question 9

In the increasingly hypercompetitive global economy today,distinctive competencies and competitive advantages:

Accepted Answer

A)   Are commonplace
B)   Are a prerequisite to being in business for the short-term
C)   Are particularly durable
D)   Can fade quicklyE) A) and B)
F) C) and D)

Question 10

Which of the following is NOT an example of a basic source from which customer value is derived?

Accepted Answer

A)   Activities that differentiate the product
B)   Activities that lower its cost
C)   Activities that add to product complexity
D)   Activities that meet the customer's need more quicklyE) A) and B)
F) None of the above

Question 11

_______ views a firm as a sequential process of value-creating activities.

Accepted Answer

A)   Resource-based analysis
B)   Value chain analysis
C)   SWOT analysis
D)   Primary internal analysisE) All of the above
F) A) and B) B

Question 12

Which cell supports a turnaround-oriented strategy?

Accepted Answer

A)   Cell 2
B)   Cell 3
C)   Cell 4
D)   Cell 1E) A) and D)
F) A) and B)

Question 13

Which of the following considerations is critical at the examination stage of the value chain analysis?

Accepted Answer

A)   All primary activities differentiate the firm
B)   The managers' choice of activities to be examined influences the mission statement of the firm
C)   The nature of value chains and the relative importance of the activities within them are standard across industries
D)   The relative importance of value activities can vary by a company's position in a broader value system that includes the value chains of its upstream suppliers and downstream customers or partnersE) A) and B)
F) B) and C)

Question 14

In the value chain framework,there are ____ primary and ____ support activities.

Accepted Answer

A)   4, 5
B)   5, 4
C)   5, 3
D)   3, 5E) A) and C)
F) B) and D)

Question 15

Which of the following describes the situation for a firm in Cell 2?

Accepted Answer

A)   The firm faces several environmental opportunities and has numerous strengths that encourage pursuit of those opportunities
B)   The firm faces major environmental threats from a weak resource position
C)   The firm has identified several key strengths, but faces an unfavorable environment
D)   The firm faces impressive market opportunity, but is constrained by weak internal resourcesE) A) and B)
F) All of the above

Question 16

Company X's principal strength is its inbound and outbound logistics system; its relative weakness,however is after-sales service.Its competitor,Company Y,however is often plagued with lagging shipments and an inflexible distribution setup.Company Y remains successful because it maintains a fully staffed service department and as a result the company is known for its dependable service._______ allows them to identify ways to build on relative strengths and avoid dependence on capabilities at which the other firm excels.

Accepted Answer

A)   Industry comparison
B)   Benchmarking
C)   Past performance comparison
D)   DisaggregatingE) A) and B)
F) B) and D)

Question 17

A(n) ________ is a major favorable situation in a firm's environment.

Accepted Answer

A)   Value chain
B)   Strength
C)   Opportunity
D)   CapabilityE) A) and B)
F) A) and D)

Question 18

Which of the following is a useful framework against which to examine a firm's potential strengths and weaknesses in a given industry?

Accepted Answer

A)   Isolating mechanisms
B)   The value chain
C)   Organizational capabilities
D)   Porter's five forcesE) A) and B)
F) A) and C)

Question 19

A(n) _______ is a limitation or deficiency in one or more of a firm's resources or capabilities relative to its competitors that creates a disadvantage in effectively meeting customer needs.

Accepted Answer

A)   Weakness
B)   Threat
C)   Competitive limit
D)   Marginal resourceE) All of the above
F) A) and B) A

Question 20

Which of the following is usually true about a firm's value chain?

Accepted Answer

A)   Scrutinizing a firm's value chain may bring attention to several sources of differentiation advantage relative to competitors
B)   Scrutinizing a firm's value chain does not usually reveal cost advantages or disadvantages
C)   Scrutinizing the firm's value chain can minimize the activities that are critical to buyer satisfaction
D)   Analysis of the firm's value chain can lead a firm to limit its market successE) All of the above
F) None of the above

Exam 6: Internal Analysis

Which of the following is NOT a basic resource for any firm?

Correct Answer
verified

SWOT analysis's value and continued use is found in its:

Correct Answer
verified

A company producing toilet paper,tissues and other consumer paper goods can work to establish the right product lines,with reasonable sales volumes,profit margins and growth potential in order to generate:

Correct Answer
verified

Which cell in the SWOT analysis diagram is the most favorable situation?

Correct Answer
verified

________ represents the least favorable situation,with the firm facing major environmental threats from a weak resource position.

Correct Answer
verified
D

According to a SWOT analysis diagram,what strategy does Cell 1 support?

Correct Answer
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A manager's assessment of whether a certain internal factor--like financial capacity--is a strength or weakness will be most strongly influenced by:

Correct Answer
verified

A(n) ______ is a major unfavorable situation in a firm's environment.

Correct Answer
verified

In the increasingly hypercompetitive global economy today,distinctive competencies and competitive advantages:

Correct Answer
verified

Which of the following is NOT an example of a basic source from which customer value is derived?

Correct Answer
verified

_______ views a firm as a sequential process of value-creating activities.

Correct Answer
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B

Which cell supports a turnaround-oriented strategy?

Correct Answer
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Which of the following considerations is critical at the examination stage of the value chain analysis?

Correct Answer
verified

In the value chain framework,there are primary and support activities.

Correct Answer
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Which of the following describes the situation for a firm in Cell 2?

Correct Answer
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Correct Answer
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A(n) ________ is a major favorable situation in a firm's environment.

Correct Answer
verified

Which of the following is a useful framework against which to examine a firm's potential strengths and weaknesses in a given industry?

Correct Answer
verified

A(n) _______ is a limitation or deficiency in one or more of a firm's resources or capabilities relative to its competitors that creates a disadvantage in effectively meeting customer needs.

Correct Answer
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A

Which of the following is usually true about a firm's value chain?

Correct Answer
verified

Exam 6: Internal Analysis

Which of the following is NOT a basic resource for any firm?

Correct AnswerverifiedShow Answer

SWOT analysis's value and continued use is found in its:

Correct AnswerverifiedShow Answer

A company producing toilet paper,tissues and other consumer paper goods can work to establish the right product lines,with reasonable sales volumes,profit margins and growth potential in order to generate:

Correct AnswerverifiedShow Answer

Which cell in the SWOT analysis diagram is the most favorable situation?

Correct AnswerverifiedShow Answer

________ represents the least favorable situation,with the firm facing major environmental threats from a weak resource position.

Correct AnswerverifiedD

According to a SWOT analysis diagram,what strategy does Cell 1 support?

Correct AnswerverifiedShow Answer

A manager's assessment of whether a certain internal factor--like financial capacity--is a strength or weakness will be most strongly influenced by:

Correct AnswerverifiedShow Answer

A(n) ______ is a major unfavorable situation in a firm's environment.

Correct AnswerverifiedShow Answer

In the increasingly hypercompetitive global economy today,distinctive competencies and competitive advantages:

Correct AnswerverifiedShow Answer

Which of the following is NOT an example of a basic source from which customer value is derived?

Correct AnswerverifiedShow Answer

_______ views a firm as a sequential process of value-creating activities.

Correct AnswerverifiedB

Which cell supports a turnaround-oriented strategy?

Correct AnswerverifiedShow Answer

Which of the following considerations is critical at the examination stage of the value chain analysis?

Correct AnswerverifiedShow Answer

In the value chain framework,there are ____ primary and ____ support activities.

Correct AnswerverifiedShow Answer

Which of the following describes the situation for a firm in Cell 2?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

A(n) ________ is a major favorable situation in a firm's environment.

Correct AnswerverifiedShow Answer

Which of the following is a useful framework against which to examine a firm's potential strengths and weaknesses in a given industry?

Correct AnswerverifiedShow Answer

A(n) _______ is a limitation or deficiency in one or more of a firm's resources or capabilities relative to its competitors that creates a disadvantage in effectively meeting customer needs.

Correct AnswerverifiedA

Which of the following is usually true about a firm's value chain?

Correct AnswerverifiedShow Answer

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D

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B

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In the value chain framework,there are primary and support activities.

Correct Answer
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A

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