NRS 490 WEEK 2 CAPSTONE PROJECT TOPIC
SELECTION AND APPROVAL COMPREHENSIVE
TEST 2026 QUESTIONS WITH ANSWERS
GRADED A+
◉ Threat of Substitutes. Answer: The availability of alternative
products that satisfy the same customer need in a different way.
◉ Threat of Suppliers. Answer: The ability of suppliers to raise
prices or reduce quality.
◉ Threat of Buyers. Answer: The ability of customers to force prices
down or demand higher quality.
◉ Rivals. Answer: Firms competing in the same industry with
similar products.
◉ Complements. Answer: Products or services that increase the
value of another product when used together.
◉ Resources. Answer: Assets, capabilities, processes, knowledge,
and relationships controlled by the firm.
, ◉ VRIN Framework. Answer: Used to determine if a resource can
create competitive advantage.
◉ Competitive Advantage. Answer: When a firm creates more
economic value than competitors.
◉ Sustained Competitive Advantage. Answer: When competitors
cannot duplicate benefits over time.
◉ Corporate-Level Strategy. Answer: Decisions about which
businesses to compete in and how to manage them together.
◉ Value Creation (Corporate Level). Answer: Occurs when corporate
whole > sum of businesses.
Businesses are with more together.
Shareholders cannot replicate via portfolio investing
◉ Vertical Integration. Answer: Owning stages of the value chain.
◉ Diversification. Answer: Operating in multiple businesses.
◉ Types of Diversification. Answer: Related-Constrained, Related-
Linked, Unrelated.
SELECTION AND APPROVAL COMPREHENSIVE
TEST 2026 QUESTIONS WITH ANSWERS
GRADED A+
◉ Threat of Substitutes. Answer: The availability of alternative
products that satisfy the same customer need in a different way.
◉ Threat of Suppliers. Answer: The ability of suppliers to raise
prices or reduce quality.
◉ Threat of Buyers. Answer: The ability of customers to force prices
down or demand higher quality.
◉ Rivals. Answer: Firms competing in the same industry with
similar products.
◉ Complements. Answer: Products or services that increase the
value of another product when used together.
◉ Resources. Answer: Assets, capabilities, processes, knowledge,
and relationships controlled by the firm.
, ◉ VRIN Framework. Answer: Used to determine if a resource can
create competitive advantage.
◉ Competitive Advantage. Answer: When a firm creates more
economic value than competitors.
◉ Sustained Competitive Advantage. Answer: When competitors
cannot duplicate benefits over time.
◉ Corporate-Level Strategy. Answer: Decisions about which
businesses to compete in and how to manage them together.
◉ Value Creation (Corporate Level). Answer: Occurs when corporate
whole > sum of businesses.
Businesses are with more together.
Shareholders cannot replicate via portfolio investing
◉ Vertical Integration. Answer: Owning stages of the value chain.
◉ Diversification. Answer: Operating in multiple businesses.
◉ Types of Diversification. Answer: Related-Constrained, Related-
Linked, Unrelated.
