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Questions and Answers

(497 solutions)

Question Mode

Multiple Choice Question

Blank describes a situation where the cause and effect of a phenomenon are not readily apparent.

Multiple choice question.

Answer ModeMultiple Choice QuestionYour Answer correctBlank______ describes a situation where the cause and effect of a phenomenon are not readily apparent.Multiple choice question.Causal ambiguitycorrectPlanned emergencePath dependenceCompetitive parityCorrect AnswerQuestionCausal ambigui...

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Question Mode

True or False Question

VRIO resources can lay the foundation of a competitive advantage, no competitive advantage can be sustained indefinitely.

True false question.
True
False

Answer ModeTrue or False QuestionYour Answer correctVRIO resources can lay the foundation of a competitive advantage, no competitive advantage can be sustained indefinitely.True false question.TruecorrectFalseReason: VRIO resources can lay the foundation of a competitive advantage, no comp...

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Multiple Choice Question

A firm's attempts to shorten the length of time a process takes, may lead to disappointing outcomes because of Blank.

Multiple choice question.

Your Answer correctA firm's attempts to shorten the length of time a process takes, may lead to disappointing outcomes because of Blank______.Multiple choice question.social complexitytime compression diseconomiescorrectcausal ambiguitypath dependence diseconomiesCorrect AnswerQuestiontime...

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Question Mode

Multiple Select Question

Select all that apply

What should a firm do in order to be organized to capture value?

Multiple select question.

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...

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Question Mode

Multiple Choice Question

Blank describes a process in which the options one faces in the current situation are limited by decisions made in the past.

Multiple choice question.

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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Question Mode

Multiple Select Question

Select all that apply

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?

Multiple select question.

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...

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Question Mode

Multiple Choice Question

Susan 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?

Multiple choice question.

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...

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Question Mode

Multiple Choice Question

According 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.

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...

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Question Mode

Multiple Choice Question

Isolating mechanisms are considered to be Blank.

Multiple choice question.

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...

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Question Mode

Multiple Choice Question

A 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.

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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