Glo-Bus Ch 4 (2025) comprehensive questions and verified
answers ( detailed & elaborated) ACTUAL EXAM 2025 TEST!!
When a company gains the experience and know-how to perform an activity consistently
!@#$%%%%% well
and at an acceptable cost, it is said to have - (ANSWERS)a competence in %%%%%%
performing that
activity
According to Figure 4.5 and the related discussion, one option a company has for achieving
competitive advantage is by out-managing rivals in - (ANSWERS)performing certain
differentiation-enhancing value chain activities more proficiently than rivals, thus creating a
differentiation-based competitive advantage keyed to delivering what customers perceive as a
superior product offering
Which of the following is not one of the six questions that comprise the task of evaluating a
company's collection of resources and capabilities, the competitiveness of its prices and
internal operating costs, and its competitive strength versus rivals - (ANSWERS)What are the
the company's most profitable geographic market segments?
According to Figure 4.1, which of the following is NOT pertinent in identifying a company's
present strategy? - (ANSWERS)The number and type of core competencies a company has and
the kinds of activities that comprise its value chain
Which of the following is NOT one of the objectives of benchmarking - (ANSWERS)To learn
which company in an industry is using the greatest number of best practices in performing its
value chain activities and thus very likely has the industry's lowest cost value chain
Which of the following is an accurate interpretation of the overall competitive strength ratings
that result from doing a competitive strength assessment (as illustrated in Table 4.3 and
explained in the accompanying discussion)? - (ANSWERS)The higher a company's overall
competitive strength score/rating the stronger is its competitiveness and ability to compete
successfully against rival industry members; low scores signal weak competitiveness and
probable competitive disadvantage compared to rivals with higher scores
In Table 4.2, which one of the following is not an example of a potential market opportunity that
a company may have? - (ANSWERS)Launching initiatives to try to block the entry (or likely entry)
or new competitors (especially lower-cost foreign firms) into those geographic markets where
the company earns big profits or have a big market share
The competitive power of a company resource or capability is NOT measured by which of the
following tests - (ANSWERS)Does the resource or capability help the company improve the cost
efficiency of its value chain?
The three steps of SWOT analysis are - (ANSWERS)identifying the company's resource
strengths and weaknesses and its opportunities and threats, drawing conclusions about the
, Glo-Bus Ch 4 (2025) comprehensive questions and verified
answers ( detailed & elaborated) ACTUAL EXAM 2025 TEST!!
company's overall business situation, and translating the conclusions into strategic actions
!@#$%%%%%
and an overall strategy that is well-matched to the company's overall situation%%%%%%
In Table 4.2, which of the following is NOT an example of a potential weakness or competitive
deficiency that a company may have? - (ANSWERS)A product offering that is not strongly
differentiated from rivals
Which of the following statements about company value chain is false? - (ANSWERS)Identifying
the primary and secondary activities that comprise a company's value chain and comparing
these activities to the value chain activities of rivals is called benchmarking
According to the illustration in Table 4.3 and the accompanying discussion, the methodology
for doing a weighted competitive strength assessment entails - (ANSWERS)Determining the
most telling measures of competitive strength or weakness (which usually include most of the
industry's key success factors), assigning weights to these measures, rating each company's
strength on each measure (often using a scale of 1-10), multiplying each company's strength
rating by its respective weight, and summing the weighted scores to get an overall competitive
strength score; the company with the highest weighted score is the competitively strongest and
the company with the lowest weighted score is the weakest.
A company's value chain identifies - (ANSWERS)the primary activities it performs in creating
value for its customers and the related support activities.
Which of the following is most likely to represent a company's most potent resource or
capability? - (ANSWERS)A distinctive competence in performing a competitively important
value chain activity
SWOT analysis is a powerful tool for - (ANSWERS)Sizing up a company's competitively
important strengths and weaknesses, its market opportunities, and the external threats to its
future well-being
Which of the following is NOT an option for lowering costs of distribution-related activities? -
(ANSWERS)Implementing an activity-based accounting system for all distribution related
activities and ceasing to perform all those distribution-related activities having unacceptably
high costs
The three main areas in the value chain where significant differences in the costs of competing
firms can occur include - (ANSWERS)the costs of internally-performed activities, the costs off
activities performed by suppliers, and the costs of activities performed in the forward part of
the industry value chain (especially distribution related activities).
answers ( detailed & elaborated) ACTUAL EXAM 2025 TEST!!
When a company gains the experience and know-how to perform an activity consistently
!@#$%%%%% well
and at an acceptable cost, it is said to have - (ANSWERS)a competence in %%%%%%
performing that
activity
According to Figure 4.5 and the related discussion, one option a company has for achieving
competitive advantage is by out-managing rivals in - (ANSWERS)performing certain
differentiation-enhancing value chain activities more proficiently than rivals, thus creating a
differentiation-based competitive advantage keyed to delivering what customers perceive as a
superior product offering
Which of the following is not one of the six questions that comprise the task of evaluating a
company's collection of resources and capabilities, the competitiveness of its prices and
internal operating costs, and its competitive strength versus rivals - (ANSWERS)What are the
the company's most profitable geographic market segments?
According to Figure 4.1, which of the following is NOT pertinent in identifying a company's
present strategy? - (ANSWERS)The number and type of core competencies a company has and
the kinds of activities that comprise its value chain
Which of the following is NOT one of the objectives of benchmarking - (ANSWERS)To learn
which company in an industry is using the greatest number of best practices in performing its
value chain activities and thus very likely has the industry's lowest cost value chain
Which of the following is an accurate interpretation of the overall competitive strength ratings
that result from doing a competitive strength assessment (as illustrated in Table 4.3 and
explained in the accompanying discussion)? - (ANSWERS)The higher a company's overall
competitive strength score/rating the stronger is its competitiveness and ability to compete
successfully against rival industry members; low scores signal weak competitiveness and
probable competitive disadvantage compared to rivals with higher scores
In Table 4.2, which one of the following is not an example of a potential market opportunity that
a company may have? - (ANSWERS)Launching initiatives to try to block the entry (or likely entry)
or new competitors (especially lower-cost foreign firms) into those geographic markets where
the company earns big profits or have a big market share
The competitive power of a company resource or capability is NOT measured by which of the
following tests - (ANSWERS)Does the resource or capability help the company improve the cost
efficiency of its value chain?
The three steps of SWOT analysis are - (ANSWERS)identifying the company's resource
strengths and weaknesses and its opportunities and threats, drawing conclusions about the
, Glo-Bus Ch 4 (2025) comprehensive questions and verified
answers ( detailed & elaborated) ACTUAL EXAM 2025 TEST!!
company's overall business situation, and translating the conclusions into strategic actions
!@#$%%%%%
and an overall strategy that is well-matched to the company's overall situation%%%%%%
In Table 4.2, which of the following is NOT an example of a potential weakness or competitive
deficiency that a company may have? - (ANSWERS)A product offering that is not strongly
differentiated from rivals
Which of the following statements about company value chain is false? - (ANSWERS)Identifying
the primary and secondary activities that comprise a company's value chain and comparing
these activities to the value chain activities of rivals is called benchmarking
According to the illustration in Table 4.3 and the accompanying discussion, the methodology
for doing a weighted competitive strength assessment entails - (ANSWERS)Determining the
most telling measures of competitive strength or weakness (which usually include most of the
industry's key success factors), assigning weights to these measures, rating each company's
strength on each measure (often using a scale of 1-10), multiplying each company's strength
rating by its respective weight, and summing the weighted scores to get an overall competitive
strength score; the company with the highest weighted score is the competitively strongest and
the company with the lowest weighted score is the weakest.
A company's value chain identifies - (ANSWERS)the primary activities it performs in creating
value for its customers and the related support activities.
Which of the following is most likely to represent a company's most potent resource or
capability? - (ANSWERS)A distinctive competence in performing a competitively important
value chain activity
SWOT analysis is a powerful tool for - (ANSWERS)Sizing up a company's competitively
important strengths and weaknesses, its market opportunities, and the external threats to its
future well-being
Which of the following is NOT an option for lowering costs of distribution-related activities? -
(ANSWERS)Implementing an activity-based accounting system for all distribution related
activities and ceasing to perform all those distribution-related activities having unacceptably
high costs
The three main areas in the value chain where significant differences in the costs of competing
firms can occur include - (ANSWERS)the costs of internally-performed activities, the costs off
activities performed by suppliers, and the costs of activities performed in the forward part of
the industry value chain (especially distribution related activities).
