Strategic Mgmt. Ch 4 Exam Rated A+ Verified
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1. Evaluating a company's resources, capabilities, and competitive strength rel-
ative to its rivals using VRIN tests does not include developing answers to which
one of the following questions?: How good is the company's value chain?
2. Which one of the following is not a good indicator of how well a company's
present strategy is working?: whether the company's resource strengths and competitive capabilities
outnumber its resource weaknesses and competitive vulnerabilities
3. Which one of the following groups of characteristics is least likely to represent
valuable company resources or competitive capabilities?: larger workforce, longer time in
business, lower profit margins, and smaller capital investment spend than rivals
4. Which of the following statements is false?: All of the statements above represent means of
accurately assessing the competitiveness of a company's value chain, cost structure, and customer value proposition
against the competitive environment in general and rivals in particular. A dynamic capability is the ability to modify,
deepen, or reconfigure the company's existing resources and capabilities in response to its changing environment or
market opportunities.
5. Which of the following statements about market opportunity is correct?: De-
pending on the prevailing circumstances, a company's opportunities can be plentiful or scarce and can range from
wildly attractive to unsuitable.
6. A company that is at a disadvantage in the marketplace because it lacks
competitively valuable resources possessed by rivals: nearly always is relegated to a trailing
position in the industry.
7. Imitation by rivals is most challenging when: capabilities reflect a high level of social com-
plexity and causal ambiguity.
8. Every organization has many resources, capabilities, and routines; however,
those few things the company does really well and are performed with a very
high proficiency are termed: distinct capabilities.
9. SWOT analysis: is a simple but powerful tool for sizing up a company's internal strengths and competitive
deficiencies, its market opportunities, and the external threats to its future well-being.
10. The industry or market opportunities that are most relevant to a company
and those that its strategy should aim at capturing include opportunities: - that
are well-matched to the company's competitive capabilities and resource strengths.
- that the company has the financial resources to pursue.
1/3
Study online at https://quizlet.com/_i5cam2
1. Evaluating a company's resources, capabilities, and competitive strength rel-
ative to its rivals using VRIN tests does not include developing answers to which
one of the following questions?: How good is the company's value chain?
2. Which one of the following is not a good indicator of how well a company's
present strategy is working?: whether the company's resource strengths and competitive capabilities
outnumber its resource weaknesses and competitive vulnerabilities
3. Which one of the following groups of characteristics is least likely to represent
valuable company resources or competitive capabilities?: larger workforce, longer time in
business, lower profit margins, and smaller capital investment spend than rivals
4. Which of the following statements is false?: All of the statements above represent means of
accurately assessing the competitiveness of a company's value chain, cost structure, and customer value proposition
against the competitive environment in general and rivals in particular. A dynamic capability is the ability to modify,
deepen, or reconfigure the company's existing resources and capabilities in response to its changing environment or
market opportunities.
5. Which of the following statements about market opportunity is correct?: De-
pending on the prevailing circumstances, a company's opportunities can be plentiful or scarce and can range from
wildly attractive to unsuitable.
6. A company that is at a disadvantage in the marketplace because it lacks
competitively valuable resources possessed by rivals: nearly always is relegated to a trailing
position in the industry.
7. Imitation by rivals is most challenging when: capabilities reflect a high level of social com-
plexity and causal ambiguity.
8. Every organization has many resources, capabilities, and routines; however,
those few things the company does really well and are performed with a very
high proficiency are termed: distinct capabilities.
9. SWOT analysis: is a simple but powerful tool for sizing up a company's internal strengths and competitive
deficiencies, its market opportunities, and the external threats to its future well-being.
10. The industry or market opportunities that are most relevant to a company
and those that its strategy should aim at capturing include opportunities: - that
are well-matched to the company's competitive capabilities and resource strengths.
- that the company has the financial resources to pursue.
1/3
