__________ is an example of a capability that is based in the functional area of distribution.

Select one:

a. Effective use of logistics management techniques

b. Product and design quality

c. Effective organizational structure

d. Effective control of inventories through point-of-purchase data collection

Question 2

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A marketing manager at GTA Technology wants the next generation of a particular application to include certain features. The product manager of that app insists that the feature would be costly to implement and could not be achieved by the desired release date unless additional resources, both financial and human, were directed to the app. The marketing manager insists that this is necessary, while the product manager feels that the inclusion of these features would not validate the extra investment. It is now up to the project manager to decide how to proceed. Which of the following conditions is most affecting the project manager's decision?

Select one:

a. Uncertainty

b. Sustainability

c. Complexity

d. Intraorganizational conflict

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All of the following are aspects of the political/legal segment of the general environment EXCEPT:

Select one:

a. antitrust laws.

b. taxation laws.

c. deregulation philosophies.

d. attitudes and values.

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A firm seeking resources with the potential to be formed into core competencies as the foundation for creating value for customers should focus on assembling _________ resources.

Select one:

a. rigid

b. dark side

c. the right

d. the most

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A decision that results in failure:

Select one:

a. allows for learning.

b. often results from lack of accountability.

c. fosters organizational inertia.

d. is a career-ending event because it is so unusual.

ll of the following are implications of strategic groups EXCEPT:

Select one:

a. the closer the strategic groups are in terms of strategies, the greater is the likelihood of rivalry.

b. more intense rivalry leads to a greater threat to profitability.

c. competitive rivalry within strategic groups is greater than between strategic groups.

d. the strength of the five forces is the same across strategic groups.

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A family just changed to a different mobile phone and data service provider. They now need take some time to transfer their content to new phones and learn the features of the new service. This is an example of a:

Select one:

a. decrease in cost due to economies of scale.

b. one-time cost suppliers incur when selling to a different customer.

c. one-time cost of product differentiation.

d. switching cost customers incur changing to a new supplier.

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Acme Valves, Inc., has been a successful player in the oil field supply industry in the last 15 years. Acme maintained its strategy and product characteristics over this time period. However, the company has experienced declines in sales and profits over the last four quarters. The CEO of Acme should:

Select one:

a. immediately begin making incremental adjustments to the traditional business strategy in an effort to improve sales.

b. conduct an analysis of the external environment.

c. focus on improving efficiency of production and cost control.

d. continue with the proven strategy because its returns over the long run are important.

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A financial management firm has existed for more than 70 years. Some of its original clients' grandchildren are now clients of the firm themselves. The partners and staff of the firm have spent most or all of their careers with the firm. Many have even married into each other's families. This firm has capabilities that would be costly to imitate primarily because of its:

Select one:

a. social complexity.

b. access to large amounts of financial capital.

c. causally ambiguous core competencies.

d. unique historical conditions.

Question 10

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According to the five forces model, an attractive industry would have all of the following characteristics EXCEPT:

Select one:

a. suppliers and buyers with little bargaining power.

b. few good product substitutes.

c. low barriers to entry.

d. a moderate degree of rivalry among competitors.