BUSA4900 test 2 Exam 2026 Questions
and Answers
Crystal Tech Inc.'s competency in designing and manufacturing efficient
microprocessors has made its laptops the most advanced computers in the market.
This competency, along with the just-in-time manufacturing system, has enabled
Crystal Tech Inc. to increase its profitability by lowering its production costs. Thus,
Crystal's competency in designing and manufacturing microprocessors will be
considered a(n) ________ resource in the VRIO framework. - Correct answer-
valuable
Mova Electronics, a leading pager manufacturer, recently declared itself bankrupt.
This was attributed to a decision the company made in the past. While most of
Mova's competitors were shifting their research focus toward cell phones, Mova
invested most of its retained earnings on improvising its pagers. Once the pager
market drastically declined, Mova Electronics was unable to capitalize on the new
technology. Which of the following does this scenario best illustrate? - Correct
answer-path dependence
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,According to the value chain analysis, which of the following is a primary activity?
- Correct answer-marketing and sales
Gene Craft Inc. is the market leader in the pharmaceutical industry. Though most
of its resources are common to those of its competitors, a few rare resources have
helped the company gain and sustain a competitive advantage. Which of the
following assets of Gene Craft Inc. is most likely to be considered a rare resource
that is best contributing to its competitive advantage? - Correct answer-the
company's chemical patents
If a resource is common - Correct answer-it will result in perfect competition.
Beats Electronics has been able to outperform Audio-Technica, Bose, JBL,
Skullcandy, Sennheiser, and Sony in the high-end, premium headphone market.
Which of the following statements accurately explains one of the main reasons for
the success of Beat? - Correct answer-t created a perception that owning its
products was cool.
In the context of the resource-based model of competitive advantage, which of the
following scenarios best exemplifies resource immobility? - Correct answer-True 3
Inc. has been able to outperform its competitors because the uniqueness of its
resources is difficult to replicate
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, A resource-based view of a firm provides a model that systematically aids in
identifying - Correct answer-core competencies.
Dynamic capabilities are especially relevant for surviving and competing in
markets that - Correct answer-shift quickly
Which of the following statements accurately brings out the difference between
tangible and intangible resources? - Correct answer-Tangible assets can be bought
on the open market, whereas intangible assets cannot be easily purchased.
After trying on a dress, a consumer assesses it to be worth a maximum of $100 and
is willing to pay that amount for the dress. However, the dress was priced at $80.
What is the amount, $100, referred to as? - Correct answer-the value (V) the
consumer attaches to the dress
Pilot Games Inc. allows users to play the trial versions of its games without any
charge. However, users have to purchase the games to access the upgraded version
of the games with advanced features. Which of the following business models is
Pilot Games using in this scenario? - Correct answer-freemium
Which of the following is an advantage of applying the economic value creation
perspective to assess a firm's performance? - Correct answer-In economic value
perspective, analysts not only consider historical costs, but also opportunity costs.
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and Answers
Crystal Tech Inc.'s competency in designing and manufacturing efficient
microprocessors has made its laptops the most advanced computers in the market.
This competency, along with the just-in-time manufacturing system, has enabled
Crystal Tech Inc. to increase its profitability by lowering its production costs. Thus,
Crystal's competency in designing and manufacturing microprocessors will be
considered a(n) ________ resource in the VRIO framework. - Correct answer-
valuable
Mova Electronics, a leading pager manufacturer, recently declared itself bankrupt.
This was attributed to a decision the company made in the past. While most of
Mova's competitors were shifting their research focus toward cell phones, Mova
invested most of its retained earnings on improvising its pagers. Once the pager
market drastically declined, Mova Electronics was unable to capitalize on the new
technology. Which of the following does this scenario best illustrate? - Correct
answer-path dependence
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
,According to the value chain analysis, which of the following is a primary activity?
- Correct answer-marketing and sales
Gene Craft Inc. is the market leader in the pharmaceutical industry. Though most
of its resources are common to those of its competitors, a few rare resources have
helped the company gain and sustain a competitive advantage. Which of the
following assets of Gene Craft Inc. is most likely to be considered a rare resource
that is best contributing to its competitive advantage? - Correct answer-the
company's chemical patents
If a resource is common - Correct answer-it will result in perfect competition.
Beats Electronics has been able to outperform Audio-Technica, Bose, JBL,
Skullcandy, Sennheiser, and Sony in the high-end, premium headphone market.
Which of the following statements accurately explains one of the main reasons for
the success of Beat? - Correct answer-t created a perception that owning its
products was cool.
In the context of the resource-based model of competitive advantage, which of the
following scenarios best exemplifies resource immobility? - Correct answer-True 3
Inc. has been able to outperform its competitors because the uniqueness of its
resources is difficult to replicate
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
, A resource-based view of a firm provides a model that systematically aids in
identifying - Correct answer-core competencies.
Dynamic capabilities are especially relevant for surviving and competing in
markets that - Correct answer-shift quickly
Which of the following statements accurately brings out the difference between
tangible and intangible resources? - Correct answer-Tangible assets can be bought
on the open market, whereas intangible assets cannot be easily purchased.
After trying on a dress, a consumer assesses it to be worth a maximum of $100 and
is willing to pay that amount for the dress. However, the dress was priced at $80.
What is the amount, $100, referred to as? - Correct answer-the value (V) the
consumer attaches to the dress
Pilot Games Inc. allows users to play the trial versions of its games without any
charge. However, users have to purchase the games to access the upgraded version
of the games with advanced features. Which of the following business models is
Pilot Games using in this scenario? - Correct answer-freemium
Which of the following is an advantage of applying the economic value creation
perspective to assess a firm's performance? - Correct answer-In economic value
perspective, analysts not only consider historical costs, but also opportunity costs.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 3
