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What are ways that firms should change their strategic activity systems to maintain a dynamic competitive advantage?
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What are ways that firms should change their strategic activity systems to maintain a dynamic competitive advantage?
Answer ModeMultiple Select QuestionYour Answer correctWhat are ways that firms should change their strategic activity systems to maintain a dynamic competitive advantage?Multiple select question.upgrading activities so that they do not become obsoletecorrectsimplifying activities to reduce inte...
Read Moreactivities add value directly by transforming inputs into outputs as the firm moves a product or service horizontally along the internal value chain.
Your Answer correctBlank______ activities add value directly by transforming inputs into outputs as the firm moves a product or service horizontally along the internal value chain.Multiple choice question.ComplementaryResourcePrimarycorrectValueCorrect AnswerQuestionPrimary...
Read MoreA firm's network of interconnected activities is referred to a strategic activity system because activities that are interconnected are very difficult for competitors to copy effectively.
Your Answer correctA firm's network of interconnected activities is referred to a strategic activity system because activities that are interconnected are very difficult for competitors to copy effectively.True false question.TruecorrectFalseReason: Strategic activity systems are difficult...
Read MoreAnswer ModeFill in the Blank QuestionYour Answer correctFill in the blank question.The internal activities of a firm that for transforming inputs into outputs consist of primaryField 1Field 1 primary , Correct Unavailable activities, which add value directly, and supportField 2Fi...
Read MoreWhile the clarifies a firm's core competencies, the helps leaders understand how competitive advantage arises from the firm's unique activities.
Answer ModeMultiple Choice QuestionYour Answer correctWhile the Blank______ clarifies a firm's core competencies, the Blank______ helps leaders understand how competitive advantage arises from the firm's unique activities.Multiple choice question.upper-echelons theory; value...
Read MoreTrue or false: The value chain concept is applicable primarily to high-tech firms in rapidly changing environments.
Answer ModeTrue or False QuestionYour Answer correctTrue or false: The value chain concept is applicable primarily to high-tech firms in rapidly changing environments.True false question.TrueReason: The value chain concept can be applied to basically any firm.FalsecorrectCorrect AnswerQues...
Read MoreAccounting and finance are activities in a firm's value chain.
Answer ModeMultiple Choice QuestionYour Answer correctAccounting and finance are Blank______ activities in a firm's value chain.Multiple choice question.supportcorrectsecondaryprimaryambiguousCorrect AnswerQuestionsupport...
Read MoreYour Answer correctFill in the blank question.The two types of value chains are industryField 1Field 1 industry , Correct Unavailable value chains, which are vertical value chains, and firmField 2Field 2 firm , Correct Unavailable value chains, which are horizontal value cha...
Read Moreare the firm's current level of intangible resources.
Answer ModeMultiple Choice QuestionYour Answer incorrectBlank______ are the firm's current level of intangible resources.Multiple choice question.Dynamic capabilitiesReason: This refers to a firm's capacity to modify and leverage its resource base.Resource flowsincorrectResource stock...
Read MoreMarketing, sales, and distribution are activities in a firm's value chain.
Answer ModeMultiple Choice QuestionYour Answer correctMarketing, sales, and distribution are Blank______ activities in a firm's value chain.Multiple choice question.ambiguoussupportsecondaryprimarycorrectCorrect AnswerQuestionprimary...
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