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What should a firm do in order to be organized to capture value?
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What should a firm do in order to be organized to capture value?
Your Answer correctWhat should a firm do in order to be organized to capture value?Multiple select question.have good coordinating systemscorrecthave a rare and valuable resourcecorrecthave a good organizational structurecorrecthave CEOs with forward-thinking visionCorrect AnswerQuestionhave go...
Read Moredescribes a process in which the options one faces in the current situation are limited by decisions made in the past.
Answer ModeMultiple Choice QuestionYour Answer correctBlank______ describes a process in which the options one faces in the current situation are limited by decisions made in the past.Multiple choice question.Resource allocationVRIO frameworkPath dependencecorrectSocial complexityCorrect A...
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A firm trying to compete with the leading firm in a competitive industry can try to negate the leading firm's competitive advantage through which of the following?
Answer ModeMultiple Select QuestionYour Answer correctA firm trying to compete with the leading firm in a competitive industry can try to negate the leading firm's competitive advantage through which of the following?Multiple select question.value-added resourcesengaging in perfect competitiond...
Read MoreSusan is a consultant for a grocery store chain that wants to open several new stores in the St. Louis area. She has selected several sites for the company to consider based in part on projected population growth near those sites. What isolating mechanism does this best illustrate?
Answer ModeMultiple Choice QuestionYour Answer correctSusan is a consultant for a grocery store chain that wants to open several new stores in the St. Louis area. She has selected several sites for the company to consider based in part on projected population growth near those sites. What isola...
Read MoreAccording to the VRIO framework, a rare resource is if firms that do not possess the resource are unable to develop or buy the resource at a comparable cost.
Answer ModeMultiple Choice QuestionYour Answer correctAccording to the VRIO framework, a rare resource is Blank______ if firms that do not possess the resource are unable to develop or buy the resource at a comparable cost.Multiple choice question.easy to imitatecostly to im...
Read MoreIsolating mechanisms are considered to be .
Answer ModeMultiple Choice QuestionYour Answer correctIsolating mechanisms are considered to be Blank______.Multiple choice question.something that weakens the industryways to wipe away a competitive advantagebarriers to entryReason: Isolating mechanisms offer protection to a successf...
Read MoreA resource is if the number of firms that possess it is less than the number of firms required to reach a state of perfect competition.
Answer ModeMultiple Choice QuestionYour Answer correctA resource is Blank______ if the number of firms that possess it is less than the number of firms required to reach a state of perfect competition.Multiple choice question.immobilerarecorrectheterogeneous.visibleCorrect AnswerQuest...
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Which of the following can help a firm extend its competitive advantage?
Your Answer correctWhich of the following can help a firm extend its competitive advantage?Multiple select question.intellectual property protectioncorrectdepletion of tangible and intangible resourcespath dependencecorrectbetter expectations of future resource valuecorrectresource stocks and f...
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Which of the following are situations in which a resource is considered valuable?
Your Answer correctWhich of the following are situations in which a resource is considered valuable?Multiple select question.The resource helps the firm produce tangible, not intangible competencies.The resource helps a firm exploit an external opportunity.correctThe resource is both heterogene...
Read MoreAccording to the VRIO framework, to fully exploit the competitive potential of its resources, capabilities, and competencies, a firm must .
Answer ModeMultiple Choice QuestionYour Answer correctAccording to the VRIO framework, to fully exploit the competitive potential of its resources, capabilities, and competencies, a firm must Blank______.Multiple choice question.be organized to capture valuecorrecttemporarily ignore its or...
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