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Test Bank for Strategic Management and Competitive Advantage Concepts and Cases 6th Edition by Frank T. Rothaermel ISBN No; 9781266191862 All Chapters 1 - 12 Full Complete (UPDATED 2024)$15.49
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Test Bank for Strategic Management and Competitive Advantage Concepts and Cases 6th Edition by Frank T. Rothaermel ISBN No; 9781266191862 All Chapters 1 - 12 Full Complete (UPDATED 2024)
Test Bank for Strategic Management and Competitive Advantage Concepts and Cases 6th Edition by Frank T. Rothaermel ISBN No; 9781266191862 All Chapters 1 - 12 Full Complete (UPDATED 2024)
Test Bank for Strategic Management and Competitive Advantage Concepts and Cases 6th Edition
, Test Bank for Strategic Management and Competitive Advantage Concepts and Cases 6th Edition
TEST BANK FOR
Strategic Management 6th Edition Rothaermel Frank
ISBN 9781265954574
Chapter 1-12 Answers are at the End of Each Chapter
Chapter 1
Student name:
1) A good strategy allows a firm to achieve superior performance and sustainable competitive advantage
without regard to the external environment.
⊚ true
⊚ false
2) The following statement by the chief executive of MegaFilms movie studio should not be used as a
⊚ true
⊚ false
3) The three tasks of the AFI strategy framework are to Assemble a prototype, Find a buyer, and Incorporate
feedback.
⊚ true
⊚ false
4) effects do
forces in the external environment have on the potential to gain and sustain a competitive
⊚ true
⊚ false
, Test Bank for Strategic Management and Competitive Advantage Concepts and Cases 6th Edition
5) Once a strategy has been formulated and implemented, it is important that the firm sticks to it no matter what
happens.
⊚ true
⊚ false
6) Because they are a crucial component of a success, customers are considered internal stakeholders.
⊚ true
⊚ false
7) A firm is required by society and its shareholders to meet its ethical and philanthropic
responsibilities.
⊚ true
⊚ false
8) Stakeholder impact analysis provides a decision tool that helps strategic leaders recognize the needs of
different stakeholders.
⊚ true
⊚ false
9) Juan wants to open his own hot dog restaurant but know anything about business. He needs help
determining who his competition is, how he should craft his
probably use which of the following?
A) AFI strategy framework
B) Red Queen effect
C) competitive benchmarking
D) Stakeholder Impact analysis
, Test Bank for Strategic Management and Competitive Advantage Concepts and Cases 6th Edition
10) Roberta is interested in the concept of strategy and decides to create her own. As a result, Roberta says
that her strategy is to focus on competitive benchmarking to achieve competitive advantage. Which is
A) strategy is clear, but she should provide more detail.
B) strategy reveals a clear strategic position and tradeoff, so she should proceed.
C) Roberta should reevaluate her statement because it fails to mention more than one strategy.
D) Roberta should reevaluate her statement because it fails to meet the principles of what a strategy
should be.
11) Pizza Shop is able to net $10,000 a week; this makes the shop profitable. Its number one competitor,
A) True competitive advantage is achieved through profitability alone.
B) True competitive advantage is achieved since Tony has a positive net income.
C) False competitive advantage is only achieved by generating above average returns, relative to
competition.
D) False Tony more than likely has a sustained competitive advantage since been in business
longer.
12) Auto & Airplane Repair shop is able to generate a positive net income of $10,000 a week, which is
about the same as the income of a close competitor. As a result, we can conclude that the two businesses
also have a competitive parity in the industry.
A) Correct competitive advantage is achieved through profitability alone.
B) Correct competitive advantage is achieved since Auto & Airplane Repair shop has a positive
net income.
C) Correct competitive parity is a performance of two or more firms at the same level.
D) Incorrect Auto & Airplane Repair shop more than likely has a sustained competitive
advantage because the business is diversified.
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