CORRECT WELL DETAILED ANSWERS|LATEST
John signed a two-year contract with Z-Gadget to get a subsidized price on his new iPhone.
He had Z-Gadget's service for only six months when he became dissatisfied and wanted to
cancel the contract. However, he did not do so because of high cancellation fees as well as
new activation fees with another service. Which of the following characteristics of a
powerful supplier group does Z-Gadget have with respect to its contract with John? -
ANSWER Industry participants face switching costs in changing suppliers
A cosmetics company owns a patent for a particular kind of shampoo, which is a bestseller in
the market. It enables the firm to extract a high level of discretion over product pricing. The
patent for the shampoo is an example of a firm's__________ resources. -
ANSWER Intangible
Sara, a manager at DEM Company, is examining all of the activities the firm performs and
determining how they interact to form a source of competitive advantage. Sara is using -
ANSWER Value Chain Analysis
Which of the following is an example of a weakness in an organization's SWOT analysis? -
ANSWER Over dependence on a particular supplier for core materials
Which of the following statements best describes competitive advantage? - ANSWER it
derives from a firm's ability to create value for its customers that exceeds the cost of
producing the product or service.
XYZ Company has physical assets that are not being used to full capacity, and it has a strong
brand name that it could use to leverage its assets. To grow, XYZ Company will likely pursue -
ANSWER related diversification
1
John signed a two-year contract with Z-Gadget to get a subsidized price on his new iPhone.
He had Z-Gadget's service for only six months when he became dissatisfied and wanted to
cancel the contract. However, he did not do so because of high cancellation fees as well as
new activation fees with another service. Which of the following characteristics of a
powerful supplier group does Z-Gadget have with respect to its contract with John? -
ANSWER Industry participants face switching costs in changing suppliers
A cosmetics company owns a patent for a particular kind of shampoo, which is a bestseller in
the market. It enables the firm to extract a high level of discretion over product pricing. The
patent for the shampoo is an example of a firm's__________ resources. -
ANSWER Intangible
Sara, a manager at DEM Company, is examining all of the activities the firm performs and
determining how they interact to form a source of competitive advantage. Sara is using -
ANSWER Value Chain Analysis
Which of the following is an example of a weakness in an organization's SWOT analysis? -
ANSWER Over dependence on a particular supplier for core materials
Which of the following statements best describes competitive advantage? - ANSWER it
derives from a firm's ability to create value for its customers that exceeds the cost of
producing the product or service.
XYZ Company has physical assets that are not being used to full capacity, and it has a strong
brand name that it could use to leverage its assets. To grow, XYZ Company will likely pursue -
ANSWER related diversification
1
