Complete the mcq:
QUESTION 1
In planning for implementation in a case analysis, which of the following questions are important?
What is the timeline
What outcomes is your plan likely to achieve
How are you going to finance your proposal
All the questions above
QUESTION 2
The "Gold Crisps" potato wafers manufactured by True Foods In have been the highest selling wafers in the market. Though the market for wafers is flooded with competitors, True Foods In 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 In will be considered as a(n) _____ resource in the VRIO framework.
rare
inexhaustible
virtual
intangible
QUESTION 3
How to analyze a firm's performance in a case analysis?
Use both financial and market-based measures
Use only market-based ratios
Use only financial measures
Focus on qualitative analysis
QUESTION 4
When making a diagnosis in a case analysis, which of the following is least likely to be an important question to consider
Has the firm adopted the most advanced Human Resource Management practices?
Are the firm's value chain activities mutually reinforcing
Do the firm's resources and capabilities fit with the demands of the external environment
Does the firm have serious weaknesses or face significant threats that need to be mitigate
QUESTION 5
_____ are best described as unique strengths, embedded deep within a firm, that allow a firm to differentiate its products and services from those of its rivals, creating higher value for the customer or offering products and services of comparable value at lower cost.
Equity reserves
Core competencies
Resource leverages
Capital gains
QUESTION 6
Earlier, the travel industry was controlled by a few large travel companies that booked holidays, air tickets, bus tickets, and hotels for their customers. However, with the emergence of the Internet, smaller travel agencies started mushrooming in the industry and customers started making their own reservations. Which of the following can be inferred from this information?
A.The pricing power of the incumbent firms in the travel industry has increase
B.The bargaining power of buyers in the travel industry has decrease
The structure of the travel industry changed from monopolistic competition to an oligopolistic one.
The travel industry changed from a consolidated structure to a fragmented one.
QUESTION 7
In the context of SWOT analysis, a firm can develop an offensive strategic option primarily by:
A.using its internal strengths to exploit external opportunities.
B.leveraging an external opportunity to overcome an internal threat.
combining an internal weakness with an external threat.
leveraging its internal strengths to minimize external threats.
QUESTION 8
The final step in industry analysis is to:
A.identify the key players in each of the five forces.
B.identify the underlying drivers of the five forces.
draw a strategic group map.
define the relevant industry.
QUESTION 9
Although True Ion In and One Electro In operate in the same consumer electronic industry, True Ion In has better sales and brand equity. This is attributed to True Ion In's commitment to innovation. The company has adequate financial and human capital to invest in research and development, an area where One Electro In lacks. In this scenario, which of the following critical assumptions of the resource-based view of a firm has been illustrated?
Resource mobility
Resource heterogeneity
Resource maturity
Resource equality
QUESTION 10
The telecom industry in the country of Andalus is an industry characterized by the presence of strong network effects, high brand loyalty, high economies of scale, and proprietary technology among incumbent firms. Thus, in the telecom industry, the:
A.entry barriers are most likely non-existent.
B.bargaining power of buyers is most likely low.
threat of substitutes is most likely high.
threat of new entrants is most likely low.