MGMT 4513 Final Exam || with 100% Errorless Solutions.
Which of the following would be the most difficult to assess?
A. The deficiency with which a firm utilizes its assets
B. The liquidity position of a firm
C. Market share growth
D. The legitimacy and reputation of a firm correct answers D. The legitimacy and reputation of a
firm
True or False
A newly acquired business must always have products that are similar to the existing businesses'
products to benefit from the corporation's core competence correct answers False
A crash R&D program buy one firm cannot replicate a successful technology developed by
another firm when research findings cumulate. This is an example of
A. Social complexity
B. Path dependency
C. Physical uniqueness
D. Casual ambiguity correct answers B. Path dependency
Although firm infrastructure is often viewed only as an overhead expense, it can become a
source of competitive advantage. Examples include all of the following except;
A. Marketing expertise increasing a firm's revenues and enabling it to enter new markets
B. Negotiating and maintaining ongoing relations and regulatory bodies
C. Effective information systems contributing significantly to a firm's overall cost leadership
strategy
D. Top management proving a key role in collaborating with important customers correct
answers A. Marketing expertise increasing a firm's revenues and enabling it to enter new markets
A resource is valuable and rare but neither difficult to imitate nor without substitutes. This
should enable the firm to attain
A. No competitive advantage
B. Competitive parity
C. A sustainable competitive advantage
D. A temporary competitive advantage correct answers D. A temporary competitive advantage
True or False
Establishing a customer service hotline to handle customer complaints would be considered a
primary activity in value chain analysis correct answers True
Which statement regarding competitive advantages is true?
A. If several competitors pursue similar differentiation tactics, they may all be perceived as
equals in the mind of the consumers
B. With an overall cost leadership strategy, firms need not be concerned with parity on
differentiation
, C. In the long run, a business with one or more competitive advantage is probably destined to
earn normal profits
D. Attaining multiple types of competitive advantage is a recipe for failure correct answers A. If
several competitors pursue similar differentiation tactics, they may al be perceived as equals in
the mind of the consumers
The downsides or limitations of mergers and acquisitions include all of the following except:
A. Expensive premiums that are frequently paid to acquire a business
B. Difficulties in integrating the activities and resources of the acquired firm into a corporation's
on-going operations.
C. It is a slow means to enter new markets and acquire skills and competences
D. There can be many cultural issues that can doom an otherwise promising acquisition correct
answers C. It is a slow means to enter new markets and acquire skills and competences
True or False
Portfolio management should be considered as the primary basis for formulating corporate-level
strategies correct answers False
It may be advantageous to vertically integrate when
A. Various segregated specializations will be combined
B. Lower transaction costs and improved coordination are vital and achievable through vertical
integration
C. Flexibility is reduced, providing a more stationary position in the competitive environment
D. The minimum efficient scales of two corporations are different correct answers B. Lower
transaction costs and improved coordination are vital impound achievable through vertical
integration
Firms following a global strategy strive to offer __________ products and services as well as
locate manufacturing, R&D, and marketing activities in ________ locations.
A. A wide variety of; few
B. Standardized; few
C. A wide variety of; several
D. Standardized; several correct answers B. Standardized; few
Which of the following types of international firms are most likely to benefit from a global
strategy as opposed to a multi domestic strategy?
A. Firms in industries that are expanding very rapidly
B. Firms in industries that have value added by sales and marketing departments
C. Firms in industries that have much value added in research and design or manufacturing
D. Firms that compete in industries in which consumer preferences vary substantially in each
country correct answers C. Firms in industries that have much value added in research and
design or manufacturing
True or False
Which of the following would be the most difficult to assess?
A. The deficiency with which a firm utilizes its assets
B. The liquidity position of a firm
C. Market share growth
D. The legitimacy and reputation of a firm correct answers D. The legitimacy and reputation of a
firm
True or False
A newly acquired business must always have products that are similar to the existing businesses'
products to benefit from the corporation's core competence correct answers False
A crash R&D program buy one firm cannot replicate a successful technology developed by
another firm when research findings cumulate. This is an example of
A. Social complexity
B. Path dependency
C. Physical uniqueness
D. Casual ambiguity correct answers B. Path dependency
Although firm infrastructure is often viewed only as an overhead expense, it can become a
source of competitive advantage. Examples include all of the following except;
A. Marketing expertise increasing a firm's revenues and enabling it to enter new markets
B. Negotiating and maintaining ongoing relations and regulatory bodies
C. Effective information systems contributing significantly to a firm's overall cost leadership
strategy
D. Top management proving a key role in collaborating with important customers correct
answers A. Marketing expertise increasing a firm's revenues and enabling it to enter new markets
A resource is valuable and rare but neither difficult to imitate nor without substitutes. This
should enable the firm to attain
A. No competitive advantage
B. Competitive parity
C. A sustainable competitive advantage
D. A temporary competitive advantage correct answers D. A temporary competitive advantage
True or False
Establishing a customer service hotline to handle customer complaints would be considered a
primary activity in value chain analysis correct answers True
Which statement regarding competitive advantages is true?
A. If several competitors pursue similar differentiation tactics, they may all be perceived as
equals in the mind of the consumers
B. With an overall cost leadership strategy, firms need not be concerned with parity on
differentiation
, C. In the long run, a business with one or more competitive advantage is probably destined to
earn normal profits
D. Attaining multiple types of competitive advantage is a recipe for failure correct answers A. If
several competitors pursue similar differentiation tactics, they may al be perceived as equals in
the mind of the consumers
The downsides or limitations of mergers and acquisitions include all of the following except:
A. Expensive premiums that are frequently paid to acquire a business
B. Difficulties in integrating the activities and resources of the acquired firm into a corporation's
on-going operations.
C. It is a slow means to enter new markets and acquire skills and competences
D. There can be many cultural issues that can doom an otherwise promising acquisition correct
answers C. It is a slow means to enter new markets and acquire skills and competences
True or False
Portfolio management should be considered as the primary basis for formulating corporate-level
strategies correct answers False
It may be advantageous to vertically integrate when
A. Various segregated specializations will be combined
B. Lower transaction costs and improved coordination are vital and achievable through vertical
integration
C. Flexibility is reduced, providing a more stationary position in the competitive environment
D. The minimum efficient scales of two corporations are different correct answers B. Lower
transaction costs and improved coordination are vital impound achievable through vertical
integration
Firms following a global strategy strive to offer __________ products and services as well as
locate manufacturing, R&D, and marketing activities in ________ locations.
A. A wide variety of; few
B. Standardized; few
C. A wide variety of; several
D. Standardized; several correct answers B. Standardized; few
Which of the following types of international firms are most likely to benefit from a global
strategy as opposed to a multi domestic strategy?
A. Firms in industries that are expanding very rapidly
B. Firms in industries that have value added by sales and marketing departments
C. Firms in industries that have much value added in research and design or manufacturing
D. Firms that compete in industries in which consumer preferences vary substantially in each
country correct answers C. Firms in industries that have much value added in research and
design or manufacturing
True or False
