Question 12

1 pts

Substitutes will likely come from inside the industry

Group of answer choices

True

False

Flag question: Question 14

Question 14

1 pts

In a fragmented industry structure:

Group of answer choices

A technology standard exists across the industry

Firms have stopped investing in maintenance and exploit economies of scales

No dominant firms have emerged but there is a dominant technology

There are barely any barriers to entry

Flag question: Question 15

Question 15

1 pts

An industry in which firms refine their product offerings and in which there is a SLOWING growth in demand and an INCREASING international competition, is known as a(n) ________ industry.

Group of answer choices

fragmented

consolidated

mature

emerging

Flag question: Question 16

Question 16

1 pts

The major opportunity facing firms in fragmented industries is

Group of answer choices

To refine their current products and emphasizing an increase in service quality.

To reduce the scope of operations to focus on a narrow segment.

To survive a shakedown, creating a first-mover advantage through technological leadership.

To build market power by acquiring competitors

Flag question: Question 18

Question 18

1 pts

Resource heterogeneity follows the assumption that

Group of answer choices

Some of the resource and capability differences among firms may be long lasting because it may be costly for firms without certain resources to acquire or develop them.

For a given firm activity, some firms may be more skilled in accomplishing an activity than other firms, since different firms may have different resources.

Managers of a firm cannot take resources that seem homogeneous to "bundle" them in order to create heterogeneous resources.

Competitive advantage does NOT typically stem from several resources and capabilities "bundled" together.

Flag question: Question 19

Question 19

1 pts

Following the VRIO Framework, if

Group of answer choices

A firm's resources are not valuable, the firm can expect a temporary competitive advantage

A firm's resources are valuable, rare, but not costly, the firm can expect a sustained competitive advantage

A firm's resources are valuable and rare, the firm can expect to achieve competitive parity, which can be sustained only if competitors face a cost disadvantage in imitating the resource.

A firm's resources are valuable but not rare, then the firm will achieve competitive parity

Flag question: Question 21

Question 21

1 pts

When a firm takes action to gain competitive advantage in a single market or industry, the strategies are known as:

Group of answer choices

business-level strategies.

corporate-level strategies.

single environment-level strategies.

micro-level strategies.

Flag question: Question 22

Question 22

1 pts

Cost advantage can come from: (Select all that apply)

Group of answer choices

Policy choices

Learning curve economies

Diseconomies of Scope

Economies of Scale

Flag question: Question 23

Question 23

1 pts

Which of this/these statement(s) regarding cost advantage is/are true?

Group of answer choices

Diseconomies of scope are an advantage for those who do not have diseconomies of scale

Learning Curve Economies may result from natural endowment

Technology Independent of Scale can potentially allow smaller firms to become cost competitive

Diseconomies of scale are a cost advantage because competitors may not be able to match the scale

Flag question: Question 24

Question 24

1 pts

In a simple organizational structure

Group of answer choices

The CEO balances coordination and competition among divisions.

The owner makes all major decisions directly and monitors all activities

The CEO is not the only executive with enterprise-wide perspective

The CEO divides management responsibilities by function

Flag question: Question 25

Question 25

1 pts

Cost leadership is synonymous with low price:

Group of answer choices

True

False