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Test Bank for Strategic Management and Competitive Advantage Concepts and Cases 6th Edition by Frank T. Rothaermel ISBN: 9781266191862 | All Chapters 1 - 12 | Full Complete$18.49
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Test Bank for Strategic Management and Competitive Advantage Concepts and Cases 6th Edition by Frank T. Rothaermel ISBN: 9781266191862 | All Chapters 1 - 12 | Full Complete
Test Bank for Strategic Management and Competitive Advantage Concepts and Cases 6th Edition by Frank T. Rothaermel ISBN: 9781266191862 | All Chapters 1 - 12 | Full Complete
recognize theneeds of different stakeholders.
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⊚ true p p
⊚ false p p
9) Juan wants to open his own hot dog restaurant but doesn’t know anything about
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business. Heneeds help determining who his competition is, how he should craft his
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strategy to compete and how he’ll implement his strategy to achieve a competitive
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advantage. He’s hired you to help him get started. As a result, you will probably use
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which of the following?
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A) AFI strategy framework pp pp
B) Red Queen effect pp pp
C) competitive benchmarking pp
D) Stakeholder Impact analysis pp pp
, 10) Roberta is interested in the concept of strategy and decides to create her own. As a
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result,Roberta says that her strategy is to focus on competitive benchmarking to
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achieve competitive advantage. Which is the best evaluation of Roberta’s
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statement?
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A) Roberta’s strategy is clear, but she should provide more detail.
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B) Roberta’s strategy reveals a clear strategic position and tradeoff, so she
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shouldproceed.
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C) Roberta should reevaluate her statement because it fails to mention more
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than onestrategy.
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D) Roberta should reevaluate her statement because it fails to meet the principles of
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whata strategy should be.
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11) Tony’s Pizza Shop is able to net $10,000 a week; this makes the shop profitable. Its
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numberone competitor, Leo’s Pies, is also profitable, netting $12,000 a week. Lil
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Anthony’s Pizza Palace nets $13,000 a week. Since Tony’s Pizza Shop is profitable,
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we can conclude that it has a competitive advantage in its industry.
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A) True—competitive advantage is achieved through profitability alone. pp pp pp pp pp pp
B) True—competitive advantage is achieved since Tony has a positive net income. pp pp pp pp pp pp pp pp pp pp
C) False—competitive advantage is only achieved by generating above average pp pp pp pp pp pp pp pp
returns,relative to competition.
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D) False—Tony more than likely has a sustained competitive advantage since he’s
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beenin business longer.
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12) Bill’s Auto & Airplane Repair shop is able to generate a positive net income of
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$10,000 aweek, which is about the same as the income of a close competitor. As a
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result, we can conclude that the two businesses also have a competitive parity in
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the industry.
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A) Correct—competitive advantage is achieved through profitability alone. pp pp pp pp pp pp
B) Correct—competitive advantage is achieved since Bill’s Auto & Airplane Repair pp pp pp pp pp pp pp pp pp
shophas a positive net income.
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C) Correct—competitive parity is a performance of two or more firms at the same pp pp pp pp pp pp pp pp pp pp pp pp
level. pp
D) Incorrect—Bill’s Auto & Airplane Repair shop more than likely has a pp pp pp pp pp pp pp pp pp pp
sustainedcompetitive advantage because the business is diversified.
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