Question 19 of 47 1 Points

What does the "value" component in RBV's VRIN framework assess?

• A. The durability of a resource
• B. The number of resources an organization possesses
• C. Whether a resource or capability can create value for the firm
• D. The cost of acquiring resources

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Question 20 of 47 1 Points

When conducting an external analysis, what is the purpose of assessing the threat of new entrants in an industry?

• A. To determine the industry's growth rate
• B. To identify opportunities for mergers and acquisitions
• C. To evaluate customer preferences
• D. To understand how easy or difficult it is for new competitors to enter the market

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Question 21 of 47 1 Points

What does Porter's Five Forces framework aim to analyze in strategic management?

• A. Market share of competitors
• B. Internal organizational culture
• C. Industry profitability and attractiveness
• D. Social and environmental factors

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Question 22 of 47 1 Points

What is the primary focus of a SWOT analysis in internal analysis?

• A. Identifying external opportunities and threats
• B. Evaluating an organization's internal strengths and weaknesses
• C. Analyzing customer preferences
• D. Assessing the competitive landscape

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Question 23 of 47 1 Points

Which of the following is NOT typically considered a component of the external environment in environmental scanning?

• A. Organizational culture
• B. Competitive factors
• C. Industry-specific factors
• D. Economic factors

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Question 24 of 47 1 Points

Which of the following is NOT one of the five competitive forces in Porter's Five Forces model?

• A. Industry growth rate
• B. Bargaining power of customers
• C. Bargaining power of suppliers
• D. Threat of new entrants

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Question 25 of 47 1 Points

In contrast to the industrial organization model, which of the following factors would be considered a key to organizational success in a resource-based model?

• A. weak competition.
• B. economies of scale.
• C. unique market niche.
• D. loyal employees.

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Question 26 of 47 1 Points

In external analysis, what is the term for a company's unique capabilities and resources that give it a competitive advantage?

• A. Internal weaknesses
• B. Core competencies
• C. Market segmentation
• D. Industry analysis