Test Bank for Strategic Management in Action, 6th Edition by Mary Coulter
0 view 0 purchase
Module
NURSING
Institution
Capella University
TEST BANK FOR STRATEGIC
MANAGEMENT IN ACTION, 6TH
EDITION BY MARY COULTER
Strategic Management in Action, 6e (Coulter)
Chapter 2 The Context of Managing Strategically
1) When an organization has numerous internal strengths, it is said to have a competitive
advantage.
Answer: FAL...
TEST BANK FOR STRATEGIC
MANAGEMENT IN ACTION, 6TH
EDITION BY MARY COULTER
,Strategic Management in Action, 6e (Coulter)
Chapter 2 The Context of Managing Strategically
1) When an organization has numerous internal strengths, it is said to have a competitive
advantage.
Answer: FALSE
Diff: 2 Page Ref: 28
Topic: Describe the Different Perspectives on Competitive Advantage
AACSB: Analytical Skills
Objective: Discuss strategies that companies use to acquire and maintain competitive advantages
2) In the industrial organization (I/O) view, the focus of strategic analysis is on the internal
situation of the organization.
Answer: FALSE
Diff: 2 Page Ref: 29
Topic: Describe the Different Perspectives on Competitive Advantage
AACSB: Analytical Skills
Objective: Discuss strategies that companies use to acquire and maintain competitive advantages
3) The industrial organization (I/O) view proposes that an organization's competitive advantage
is only temporary and can be gained only by peppering the competitive marketplace with rapid
radical surprises.
Answer: FALSE
Diff: 3 Page Ref: 29
Topic: Describe the Different Perspectives on Competitive Advantage
AACSB: Analytical Skills
Objective: Discuss strategies that companies use to acquire and maintain competitive advantages
4) The resource-based view focuses on the structural forces within an industry, the firm's
competitive environment, and how these influence competitive advantage.
Answer: FALSE
Diff: 2 Page Ref: 29
Topic: Describe the Different Perspectives on Competitive Advantage
AACSB: Analytical Skills
Objective: Discuss strategies that companies use to acquire and maintain competitive advantages
1
, 5) The resources-based view (RBV) takes the approach that a firm's resources are more
important than industry structure in getting and keeping competitive advantage.
Answer: TRUE
Diff: 1 Page Ref: 29
Topic: Describe the Different Perspectives on Competitive Advantage
AACSB: Analytical Skills
Objective: Discuss strategies that companies use to acquire and maintain competitive advantages
6) The resource-based view (RBV) only focuses on the internal factors, with no regard for the
organization's external factors.
Answer: FALSE
Diff: 3 Page Ref: 30
Topic: Describe the Different Perspectives on Competitive Advantage
AACSB: Analytical Skills
Objective: Discuss strategies that companies use to acquire and maintain competitive advantages
7) Physical assets encompass the actual and potential debt and equity used by the organization as
well as any retained earnings or other financial holdings.
Answer: FALSE
Diff: 2 Page Ref: 30
Topic: Describe the Different Perspectives on Competitive Advantage
AACSB: Analytical Skills
Objective: Discuss strategies that companies use to acquire and maintain competitive advantages
8) According to the resource-based view, a firm's resources should add value, be rare, be
exploited, and easy to duplicate or substitute.
Answer: FALSE
Diff: 3 Page Ref: 31
Topic: Describe the Different Perspectives on Competitive Advantage
AACSB: Analytical Skills
Objective: Discuss strategies that companies use to acquire and maintain competitive advantages
9) According to the guerrilla-based view, a firm's competitive advantage is temporary.
Answer: TRUE
Diff: 2 Page Ref: 33
Topic: Describe the Different Perspectives on Competitive Advantage
AACSB: Analytical Skills
Objective: Discuss strategies that companies use to acquire and maintain competitive advantages
2
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller academicexpert. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £13.95. You're not tied to anything after your purchase.
