MHR 423 EXAM QUESTIONS WITH 100% CORRECT ANSWERS| LATEST UPDATE 100% VERIFIED
Which of the following is an implication of high exit barriers in an industry?
-the industry will be more attractive for new entrants
-the competitive pressure among existing firms will be low.
- The industry will face Excess capacity
-The number of underperforming firms in the industry will be low. - The industry will face
Excess capacity
The inclusion of a Devil's Advocate as part of a company's leadership during strategic decision
making team can assist in reducing the impact of the:
-Anchor Effect
-Lemming Effect
-Endowment Effect
-Sunk Cost Lemming Effect
_________ are best described as unique strengths, embedded deep within a firm, that allow a
firm to differentiate its products and services from those of rivals, creating higher value for the
customer or offering products and services of comparable value at a lower cost.
-Resource leverages
-Capital Gains
-Core Competencies
-Equity Reserves Core competencies
,Smooth Fusion is a software company, which has built and acquired numerous assets over the
years. According to the resource-based view of a firm, which of the following assets of Smooth
Fusion will best enable it to gain and sustain a competitive advantage?
-The headquarters owned by the company
-the resources of the company that are mobile
-the capital raised by the company from its shareholders
-The expertise acquired by the employees in the company. The expertise acquired by the
employees in the company.
The resource-based view of a firm assumes that the
-resource bundles of firms competing in the same industry tend to be highly mobile, moving
easily from firm to firm.
-resource bundles of firms competing in the same industry are unique to some extent and thus
differ from one another
-resources of firms are highly exhaustible and hence they can't contribute to their competitive
advantage
-resources of firms are highly scarce and hence the government interferes to ensure equal
distribution resource bundles of firms competing in the same industry are unique to some
extent and thus differ from one another
The share price of Groupon, a daily-deal website, fell by 90% just a year after its successful IPO.
The firm was not able to sustain its competitive advantage because of the emergence of other
daily-deal sites that were able to better serve the needs of local markets and specific
population groups. Which of the following is the most accurate inference from this example?
-Groupon's competency was not hard to imitate
-Groupon invested in resources that were invaluable and common.
, - Groupon operated in an industry where the barriers to entry were high. Groupon's
competency was not hard to imitate
According to the value chain analysis, which of the following is a primary activity?
- Human Resources
-Accounting and finance
-Marketing and Sales Marketing and sales
A ______________ primarily details the goal directed actions managers take in their quest for
competitive advantage in a single product market.
- Mission Statement
-Functional Level Strategy
-Business Level Strategy -Business Level Strategy
Organic Eats is a restaurant that caters to the needs of a small percentage of highly health-
conscious consumers. It has an all-organic, vegan menu. Since there are very few restaurants
that offer the same unique service, customers are willing to pay a premium price for its
products and services. In this scenario, Organic Eats is following a:
-Broad Differentiation Strategy
-Focused Differentiation Strategy
-Liquidation Strategy
-Product Diversification Strategy -Focused Differentiation Strategy
Which of the following statements accurately brings out the difference between economies of
scale and learning effects?
Which of the following is an implication of high exit barriers in an industry?
-the industry will be more attractive for new entrants
-the competitive pressure among existing firms will be low.
- The industry will face Excess capacity
-The number of underperforming firms in the industry will be low. - The industry will face
Excess capacity
The inclusion of a Devil's Advocate as part of a company's leadership during strategic decision
making team can assist in reducing the impact of the:
-Anchor Effect
-Lemming Effect
-Endowment Effect
-Sunk Cost Lemming Effect
_________ are best described as unique strengths, embedded deep within a firm, that allow a
firm to differentiate its products and services from those of rivals, creating higher value for the
customer or offering products and services of comparable value at a lower cost.
-Resource leverages
-Capital Gains
-Core Competencies
-Equity Reserves Core competencies
,Smooth Fusion is a software company, which has built and acquired numerous assets over the
years. According to the resource-based view of a firm, which of the following assets of Smooth
Fusion will best enable it to gain and sustain a competitive advantage?
-The headquarters owned by the company
-the resources of the company that are mobile
-the capital raised by the company from its shareholders
-The expertise acquired by the employees in the company. The expertise acquired by the
employees in the company.
The resource-based view of a firm assumes that the
-resource bundles of firms competing in the same industry tend to be highly mobile, moving
easily from firm to firm.
-resource bundles of firms competing in the same industry are unique to some extent and thus
differ from one another
-resources of firms are highly exhaustible and hence they can't contribute to their competitive
advantage
-resources of firms are highly scarce and hence the government interferes to ensure equal
distribution resource bundles of firms competing in the same industry are unique to some
extent and thus differ from one another
The share price of Groupon, a daily-deal website, fell by 90% just a year after its successful IPO.
The firm was not able to sustain its competitive advantage because of the emergence of other
daily-deal sites that were able to better serve the needs of local markets and specific
population groups. Which of the following is the most accurate inference from this example?
-Groupon's competency was not hard to imitate
-Groupon invested in resources that were invaluable and common.
, - Groupon operated in an industry where the barriers to entry were high. Groupon's
competency was not hard to imitate
According to the value chain analysis, which of the following is a primary activity?
- Human Resources
-Accounting and finance
-Marketing and Sales Marketing and sales
A ______________ primarily details the goal directed actions managers take in their quest for
competitive advantage in a single product market.
- Mission Statement
-Functional Level Strategy
-Business Level Strategy -Business Level Strategy
Organic Eats is a restaurant that caters to the needs of a small percentage of highly health-
conscious consumers. It has an all-organic, vegan menu. Since there are very few restaurants
that offer the same unique service, customers are willing to pay a premium price for its
products and services. In this scenario, Organic Eats is following a:
-Broad Differentiation Strategy
-Focused Differentiation Strategy
-Liquidation Strategy
-Product Diversification Strategy -Focused Differentiation Strategy
Which of the following statements accurately brings out the difference between economies of
scale and learning effects?
