OIM 210 Exam 1 Prep with Questions and Answers

OIM 210 Exam 1 Prep with Questions and
Answers
Copy ANSWER ✓✓ Ctrl + C



Cut ANSWER ✓✓ Ctrl + X



Paste ANSWER ✓✓ Ctrl + V



New workbook ANSWER ✓✓ Ctrl + N



Open a workbook ANSWER ✓✓ Ctrl + O



Save a workbook ANSWER ✓✓ Ctrl + S



Close Out of Excel ANSWER ✓✓ Ctrl + F4



Save as ANSWER ✓✓ F12



Undo ANSWER ✓✓ Ctrl + Z



Spell Check ANSWER ✓✓ F7



Are successful firms lucky? ANSWER ✓✓ No such thing as luck. Preparation meets
opportunity

, Technology can be copied ANSWER ✓✓ TiVo, Snapchat vs Instagram, Netflix vs
Amazon Prime, UPS vs Fedex



How do firms compete? ANSWER ✓✓ operational effectiveness and strategic positioning



operational effectiveness ANSWER ✓✓ performing the same tasks better than your rivals
(netflix, amazon)



strategic positioning ANSWER ✓✓ performing different tasks than your rivals, or
performing the same tasks in a different way (fresh direct, zara)



inventory turns ANSWER ✓✓ the number of times inventory is sold or used during a
given period



characteristics of sustainable competitive advantage ANSWER ✓✓ rareness, value,
imperfectly imitable, non-substitutable



key resources for competitive advantage ANSWER ✓✓ • Imitation resistant value chain
organization

• Brand (viral marketing)

• Scale (economies of scale)

• Data (differentiation and switching costs)

• Network effects

• Distribution channels (APIs)

• Patents