MQM 385 CHAPTER 4 QUESTIONS WITH
CORRECT ANSWERS
__________ are unique strengths, embedded deep within a firm. - 🧠
ANSWER ✔✔core competencies
______ can be driven by core competencies. - 🧠 ANSWER ✔✔competitive
advantage
Companies develop core competencies through the interplay of ____ and
____. - 🧠 ANSWER ✔✔resources and capabiliies
________ are any assets such as cash, buildings, machinery, or
intellectual property, that a firm can draw on when crafting and executing a
strategy. - 🧠 ANSWER ✔✔resources
,Resources can either be ________ or _____. - 🧠 ANSWER ✔✔tangible or
intangible
_______ are the organizational and managerial skills necessary to
orchestrate a diverse set of resources and to deploy them strategically. - 🧠
ANSWER ✔✔capabilities
Capabilities are, by nature, ______. They find their expression in a
company's structure, routines, and culture. - 🧠 ANSWER ✔✔intangible
______ are distinct and fine-grained business processes such as order
taking, the physical delivery of products, or invoicing customers. - 🧠
ANSWER ✔✔activities
Each distinct _____ enables firms to add value by transforming inputs into
goods and services. - 🧠 ANSWER ✔✔actvity
resources reinforce _____, while capabilities allow managers to orchestrate
them. - 🧠 ANSWER ✔✔core competencies
Core competencies that are not continuously nourished will eventually lose
their ability to yield a ________. - 🧠 ANSWER ✔✔competitive advantage
, The ________ is a model that sees certain types of resources as key to
superior firm performance. - 🧠 ANSWER ✔✔resource-based view
_________ resources have physical attributes and are visible. - 🧠
ANSWER ✔✔tangible
_________ resources have no physical attributes and thus are invisible. - 🧠
ANSWER ✔✔intangible
Labor, capital, land, buildings, plant, equipment, and supplies are examples
of _____ resources. - 🧠 ANSWER ✔✔tangible
Culture, knowledge, brand equity, reputation, and intellectual property are
examples of ____ resources. - 🧠 ANSWER ✔✔intangible
Competitive advantage is more likely to spring from _____ resources. - 🧠
ANSWER ✔✔intangible resources
2 critical assumptions in the resource-based view: - 🧠 ANSWER
✔✔resource heterogeneity and resource immobility
________ comes from the insight that bundles of resources, capabilities,
and competencies differ across firms. - 🧠 ANSWER ✔✔resource
heterogenity
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
CORRECT ANSWERS
__________ are unique strengths, embedded deep within a firm. - 🧠
ANSWER ✔✔core competencies
______ can be driven by core competencies. - 🧠 ANSWER ✔✔competitive
advantage
Companies develop core competencies through the interplay of ____ and
____. - 🧠 ANSWER ✔✔resources and capabiliies
________ are any assets such as cash, buildings, machinery, or
intellectual property, that a firm can draw on when crafting and executing a
strategy. - 🧠 ANSWER ✔✔resources
,Resources can either be ________ or _____. - 🧠 ANSWER ✔✔tangible or
intangible
_______ are the organizational and managerial skills necessary to
orchestrate a diverse set of resources and to deploy them strategically. - 🧠
ANSWER ✔✔capabilities
Capabilities are, by nature, ______. They find their expression in a
company's structure, routines, and culture. - 🧠 ANSWER ✔✔intangible
______ are distinct and fine-grained business processes such as order
taking, the physical delivery of products, or invoicing customers. - 🧠
ANSWER ✔✔activities
Each distinct _____ enables firms to add value by transforming inputs into
goods and services. - 🧠 ANSWER ✔✔actvity
resources reinforce _____, while capabilities allow managers to orchestrate
them. - 🧠 ANSWER ✔✔core competencies
Core competencies that are not continuously nourished will eventually lose
their ability to yield a ________. - 🧠 ANSWER ✔✔competitive advantage
, The ________ is a model that sees certain types of resources as key to
superior firm performance. - 🧠 ANSWER ✔✔resource-based view
_________ resources have physical attributes and are visible. - 🧠
ANSWER ✔✔tangible
_________ resources have no physical attributes and thus are invisible. - 🧠
ANSWER ✔✔intangible
Labor, capital, land, buildings, plant, equipment, and supplies are examples
of _____ resources. - 🧠 ANSWER ✔✔tangible
Culture, knowledge, brand equity, reputation, and intellectual property are
examples of ____ resources. - 🧠 ANSWER ✔✔intangible
Competitive advantage is more likely to spring from _____ resources. - 🧠
ANSWER ✔✔intangible resources
2 critical assumptions in the resource-based view: - 🧠 ANSWER
✔✔resource heterogeneity and resource immobility
________ comes from the insight that bundles of resources, capabilities,
and competencies differ across firms. - 🧠 ANSWER ✔✔resource
heterogenity
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
