MNB3702 ASSIGNEMNT 1 SEMESTER 2 2025 An African SME in the tech sector faces competition from global firms with better resources. What strategic move can help them remain relevant? a. Replicate global firms’ entire business model b. R educe investmen

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,9/1/25, 1:17 PM Assessment 1: Attempt review




MNB3701-25-S2  Welcome Message  Assessment 1


QUIZ




Started on Monday, 1 September 2025, 12:40 PM
State Finished
Completed on Monday, 1 September 2025, 1:17 PM
Time taken 36 mins 41 secs
Marks 48.00/49.00
Grade 48.98 out of 50.00 (97.96%)


Question 1

Correct

Mark 1.00 out of 1.00




Suppose the government in a developing country supports the agricultural industry through cash given to farmers to help
control the supply of essential crops.
Identify the term applicable to this scenario from the list below:




a. Subsidy 
b. Tariff barrier

c. Import quota

d. Surplus




Your answer is correct.

The correct answer is:
Subsidy




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Question 2

Correct

Mark 1.00 out of 1.00




Mercedes-Benz offers a range of luxury cars and is known as an aspirational brand that is prestigious and known for its
superior engine quality. To which one of the following does superior engine quality apply to?




a. reputational resource 

b. physical resource

c. dynamic capability

d. capability in logistics




Your answer is correct.

The correct answer is: reputational resource




Question 3

Correct

Mark 1.00 out of 1.00




Takealot.com is a South African e-commerce firm, possessing three large warehouses in Cape Town, Kwazulu-Natal and
Johannesburg. To which one of the following does its warehouses apply to?




a. Tangible resources 

b. Dynamic capabilities

c. Intangible resources

d. Functional capabilities




Your answer is correct.

The correct answer is:
Tangible resources




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, 9/1/25, 1:17 PM Assessment 1: Attempt review

Question 4

Correct

Mark 1.00 out of 1.00




Belgium is a country skilled at making both cheese and chocolate. They first need to determine how much labour goes into
producing both cheese and chocolate Suppose it takes one unit labour to produce 10 units of cheese and one unit labour to
produce 20 units of chocolate. Which one of the following applies to Belgium?


a. Belgium has an absolute advantage in producing cheese

b. Belgium has an comparative advantage in producing cheese

c. Belgium has an absolute advantage in producing chocolate

d. Belgium has an comparative advantage in producing chocolate 



Your answer is correct.

The correct answer is:
Belgium has an comparative advantage in producing chocolate




Question 5

Correct

Mark 1.00 out of 1.00




Which one of the following can be associated with the factor endowment theory?




a. National resource endowments are the foundation for comparative advantages in international trade 

b.
Resources are the foundation of firm’s competitive advantage



c. Many factors contribute to explaining the emergence of comparative advantages

d. Scarce resources are the foundation for comparative trade advantages




Your answer is correct.

The correct answer is:
National resource endowments are the foundation for comparative advantages in international trade




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