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BUSA Exam – Questions & Expert Verified Solutions
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BUSA Exam – Questions & Expert Verified Solutions_ have no physical attribute Right Ans - intangible resources
Which of the following can help a firm extend its competitive advantage?
Right Ans - Better expectations of future resource value, causal ambiguity,
path dependence
Generally speaking, the resource-based view defines resources more _ than
previously define Right Ans - broadly
In order to be successful, a firm must not only have a resource that is valuable,
rare, costly to imitate, it must also Right Ans - be organized to capture the
resource's value
what two assumptions are critical behind the resource-based view of the firm
Right Ans - resource heterogeneity, resource immobility
T:F/ causal ambiguity describes a situation in which cause and effect are
readily apparent Right Ans - false
In the dynamic capabilities perspective, _ is the outflow of the firm's capacity
to leverage its resources Right Ans - competitive advantage
T?F the value chain concept can be applied to basically any firm Right Ans -
true
_ Resources have physical attributes and are visible Right Ans - tangible
A firm trying to compete with the leading firm in a competitive industry can
try to negate the leading firm's competitive advantage by Right Ans -
substitution, direct imitation
_ describes a process in which options are limited by decisions made in the
past Right Ans - path dependence
According to the case, which one of these factors may not have contributed to
Bill Gates' success? Right Ans - the physical location of Seattle as the
company's headquarter
, all of the following are examples of activities that create value except Right
Ans - closely monitoring the firm's stock price....
taking physical delivery of a product, taking an order from a customer,
invoicing a customer DO create value
a customized strategy that considers the unique resources of the company
while strongly considering the external environment is said to create Right
Ans - strategic fit
in contrast to primary activities, support activities add value Right Ans -
indirectly
One of Nike's competitive advantage was Right Ans - knowing how to
create heroes which increases product sales through the person and the story
_ can be cash, buildings, or intellectual property Right Ans - resources
A resource is considered rare Right Ans - if one or few firms can perform
the capability in the same unique way
Intangible resources are built through Right Ans - experience over time,
continuous investments
the _ view provides a model that aids in identifying core competencies
Right Ans - resource-based
A resource is _ if firms are unable to develop or buy the resource at a
reasonable price Right Ans - costly to imitate
Time compression diseconomies Right Ans - often lead in disappointing
outcomes
Capabilities find their expression within all of the following except Right
Ans - A company's financial statements
When the perceived value of a product increases Right Ans - The firm's
profitability increases
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