MGMT 4513- AIME TEST TWO || WITH 100% ERRORLESS ANSWERS.
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Course
MGMT 4513- AIME
Institution
MGMT 4513- AIME
backward integration occurs when: correct answers a company produces its own inputs
Smithfield Food produces hams and other meat products. It owns hog raising operations. This is an example of _____ business. correct answers vertically integrated
the bargaining power of suppliers is enhanced ...
MGMT 4513- AIME TEST TWO || WITH 100%
ERRORLESS ANSWERS.
backward integration occurs when: correct answers a company produces its own inputs
Smithfield Food produces hams and other meat products. It owns hog raising operations. This is
an example of _____ business. correct answers vertically integrated
the bargaining power of suppliers is enhanced under the following market condition: correct
answers dominance by a few suppliers
high product differentiation is generally accompanied by correct answers decreased emphasis on
competition based on price
an analysis of the economic segment of the external environment does NOT include correct
answers the move toward a contingent work force
if an industry has high exit barriers and high entrance barriers, returns to the industry should be
correct answers low and stable
the value of a company in the market is a result of correct answers its ROE & its VOP & its
value for other corporations
which of the following is a risk (or pitfall) of cost leadership? correct answers attempts to stay
ahead of the competition may lead to unacceptable quality
By studying external environment, firms identify... correct answers what they might choose to do
By studying internal environment firms determine correct answers what they can do
Resources correct answers a firm's assets, including people and value of brand name
Tangible Resources correct answers easy to identify and include physical and financial assets
used to create value for customers
Organizational Resources:
*Effective Strategic Planning Process
*Excellent Evaluation and control systems
Intangible Resources correct answers difficult for competitors and the firm to account for or
imitate, typically evolved over time.
Intangible Resource Examples correct answers Human:
*Experience and capabilities
*Trust
* Managerial Skills
*Firm-Specific practices and procedures
Innovation:
*Technical and Scientific Skills
*Innovation Capacities
Reputation:
Capabilities correct answers firm's ability to use tangible and intangible resources
3 types of resources correct answers tangible
intangible
organizational capabilities
Organizational Capabilities correct answers competencies that a firm employs to transform
inputs into outputs (ex: fantastic customer service, innovativeness, motivation, product
developments, etc)
4 Criteria of sustainable competitive advantage correct answers 1. Valuable
2. Rare
3.Costly to imitate
4. Nonsubstitutable
How would a resource be valuable? correct answers enables a firm to use strategies that improve
efficiency or effectiveness
How can a resource be inimitable? correct answers Physical Uniqueness
Path Dependency
Causal Ambiguity
Social Complexity
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