Exam (elaborations)
BUSA Exam – Questions & Expert Verified Solutions
- Course
- Institution
BUSA Exam – Questions & Expert Verified Solutions
[Show more]
Seller
Follow
Studycafe
Reviews received
Content preview
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
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 or Stuvia-credit 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 Studycafe. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now