MGMT 498 Chap 4 Exam Questions With 100% Correct Answers 2024/2025

MGMT 498 Chap 4 Exam Questions With 100% Correct Answers 2024/2025 Which of the following best describes the core competency of the Five Guys Burgers and Fries company? - answerMaking high-quality burgers without limiting costs Core competencies of a business are generated by the interaction of ______. - answerresources and capabilities A core competency can help a company achieve which of the following? (Check all that apply.) - answer-to create higher value for the consumer -to differentiate its products and services -to offer products of comparable value at lower cost than rivals can Which of the following are examples of resources for a firm? (Check all that apply.) - answer-intellectual property -cash -buildings The resource-based model views resources as ______. - answerthe main driver of firm performance Which of the following were resources and capabilities that helped Five Guys gain a competitive advantage and develop into a successful restaurant chain? (Check all that apply.) - answer- Focusing on such details as store layout and design -Carefully choosing the supplier of the potatoes for their fries What do the best firms in an industry seek to identify and manage on an ongoing basis as sources to respond to their external environment? (Check all that apply.) - answer-resources -core competencies -capabilities Resource ______ and resource ______ are the key assumptions behind the resource-based model of the firm. - answerheterogeneity; immobility A(n) ______ is a unique strength, embedded deep within a firm, that is critical to gaining and sustaining competitive advantage. - answercore competency