Strategic Management and Competitive Advantage: Concepts and Cases (6th Edition) by Frank T. Rothaermel – Complete Test Bank with Answer Keys

TEST BANK FOR
STRATEGICMANAGEMENT6THEDITION J



ROTHAERMEL FRANK
ISBN 978-1266191862
J




Maggy

,Chapter 1-12 Answers are at the End of Each Chapter
J J




Chapter 1 J




Student name:
J


1) AJgoodJstrategyJallowsJaJfirmJtoJachieveJsuperiorJperformanceJandJsustainableJcompetitiveJad
vantageJwithoutJregardJtoJtheJexternalJenvironment.
⊚J true
⊚J false




Maggy
2) TheJfollowingJstatementJbyJtheJchiefJexecutiveJofJMegaFilmsJmovieJstudioJshouldJnotJbeJus
edJasJaJstrategy:J“WeJwillJproduceJtheJgreatestJfilmsJofJtheJ21stJcentury.”
⊚J true
⊚J false



3) TheJthreeJtasksJofJtheJAFIJstrategyJframeworkJareJtoJAssembleJaJprototype,JFindJaJbuyer,JandJInc
orporateJfeedback.
⊚J true
⊚J false



4) QuestionsJaskedJduringJtheJstrategyJanalysisJstageJofJtheJAFIJframeworkJshouldJincludeJ“Wh
atJeffectsJdoJforcesJinJtheJexternalJenvironmentJhaveJonJtheJfirm’sJpotentialJtoJgainJandJsustainJ
aJcompetitiveJadvantage?”
⊚J true
⊚J false

,5) OnceJaJstrategyJhasJbeenJformulatedJandJimplemented,JitJisJimportantJthatJtheJfirmJsticksJtoJitJnoJ
matterJwhatJhappens.
⊚J true
⊚J false



6) BecauseJtheyJareJaJcrucialJcomponentJofJaJfirm’sJsuccess,JcustomersJareJconsideredJinternalJsta
keholders.
⊚J true
⊚J false




Maggy
7) AJfirmJisJrequiredJbyJsocietyJandJitsJshareholdersJtoJmeetJitsJethicalJandJphilanthropicJres
ponsibilities.
⊚J true
⊚J false



8) StakeholderJimpactJanalysisJprovidesJaJdecisionJtoolJthatJhelpsJstrategicJleadersJrecognizeJtheJne
edsJofJdifferentJstakeholders.
⊚J true
⊚J false



9) JuanJwantsJtoJopenJhisJownJhotJdogJrestaurantJbutJdoesn’tJknowJanythingJaboutJbusiness.JHeJne
edsJhelpJdeterminingJwhoJhisJcompetitionJis,JhowJheJshouldJcraftJhisJstrategyJtoJcompeteJandJh
owJhe’llJimplementJhisJstrategyJtoJachieveJaJcompetitiveJadvantage.JHe’sJhiredJyouJtoJhelpJhimJ
getJstarted.JAsJaJresult,JyouJwillJprobablyJuseJwhichJofJtheJfollowing?
A) AFIJstrategyJframework
B) RedJQueenJeffect
C) competitiveJbenchmarking
D) StakeholderJImpactJanalysis

, 10) RobertaJisJinterestedJinJtheJconceptJofJstrategyJandJdecidesJtoJcreateJherJown.JAsJaJresult,JRo
bertaJsaysJthatJherJstrategyJisJtoJfocusJonJcompetitiveJbenchmarkingJtoJachieveJcompetitiveJ
advantage.JWhichJisJtheJbestJevaluationJofJRoberta’sJstatement?
A) Roberta’sJstrategyJisJclear,JbutJsheJshouldJprovideJmoreJdetail.
B) Roberta’sJstrategyJrevealsJaJclearJstrategicJpositionJandJtradeoff,JsoJsheJshouldJpr
oceed.
C) RobertaJshouldJreevaluateJherJstatementJbecauseJitJfailsJtoJmentionJmoreJthanJoneJstr
ategy.
D) RobertaJshouldJreevaluateJherJstatementJbecauseJitJfailsJtoJmeetJtheJprinciplesJofJwhatJaJs
trategyJshouldJbe.




Maggy
11) Tony’sJPizzaJShopJisJableJtoJnetJ$10,000JaJweek;JthisJmakesJtheJshopJprofitable.JItsJnumberJon
eJcompetitor,JLeo’sJPies,JisJalsoJprofitable,JnettingJ$12,000JaJweek.JLilJAnthony’sJPizzaJPalac
eJnetsJ$13,000JaJweek.JSinceJTony’sJPizzaJShopJisJprofitable,JweJcanJconcludeJthatJitJhasJaJco
mpetitiveJadvantageJinJitsJindustry.
A) True—competitiveJadvantageJisJachievedJthroughJprofitabilityJalone.
B) True—competitiveJadvantageJisJachievedJsinceJTonyJhasJaJpositiveJnetJincome.
C) False—
competitiveJadvantageJisJonlyJachievedJbyJgeneratingJaboveJaverageJreturns,JrelativeJt
oJcompetition.
D) False—
TonyJmoreJthanJlikelyJhasJaJsustainedJcompetitiveJadvantageJsinceJhe’sJbeenJinJbusines
sJlonger.


12) Bill’sJAutoJ&JAirplaneJRepairJshopJisJableJtoJgenerateJaJpositiveJnetJincomeJofJ$10,000JaJwe
ek,JwhichJisJaboutJtheJsameJasJtheJincomeJofJaJcloseJcompetitor.JAsJaJresult,JweJcanJconclud
eJthatJtheJtwoJbusinessesJalsoJhaveJaJcompetitiveJparityJinJtheJindustry.
A) Correct—competitiveJadvantageJisJachievedJthroughJprofitabilityJalone.
B) Correct—
competitiveJadvantageJisJachievedJsinceJBill’sJAutoJ&JAirplaneJRepairJshopJhasJaJpositi
veJnetJincome.
C) Correct—competitiveJparityJisJaJperformanceJofJtwoJorJmoreJfirmsJatJtheJsameJlevel.
D) Incorrect—
Bill’sJAutoJ&JAirplaneJRepairJshopJmoreJthanJlikelyJhasJaJsustainedJcompetitiveJa
dvantageJbecauseJtheJbusinessJisJdiversified.