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Exam (elaborations)

WPC 480 MIDTERM QUESTIONS AND CORRECT ANSWERS

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WPC 480 MIDTERM QUESTIONS AND CORRECT ANSWERS

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How are the critical assumptions of the resource-based model of a firm fundamentally
different from the way in which a firm is viewed in the perfectly competitive industry
structure?


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in perfect competition, all firms have access to same capabilities whereas in
resource based model, resouce differences exist between firms in same
industry




In which of the following situations is a company that exists in telecommunications
industry most likely to face highest threat of entry


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, if entry has recently become deregulated




you are the manager in charge of setting the strategy for a new fast casual restaurant.
Which of the following questions would be appropriate for you to ask during the
analysis phase of the AFI strategy framework?


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how have consumer preferences in the fast casual restaurant industry
changed in the last five years.




jennifer a manger at a mutinational org is trying to carefully scan and link the firms
internal environment to its external environment. The insights from this analysis will
allow her to effectively leverage companys internal strengths to exploit external
opportunities while mitigating internal weaknesses and external threats. In this
scenario which of the following managerial tools in jennifer employing


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SWOT Analysis




In an industry, the threat of entry is high when


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capital requirements are low.

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