MGMT 4513 FINAL QUESTIONS & VERIFIED ANSWERS
Which of the following would be most difficult to assess? - Answers - The legitimacy and
reputation of a firm
A newly acquired business must always have products that are similar to the existing
businesses' products to benefit from the corporation's core competence. - Answers -
False
A crash R&D program by one firm cannot replicate a successful technology developed
by another firm when research findings cumulate. This is an example of - Answers -
Path Dependency
Although firm infrastructure is often viewed only as overhead expense, it can become a
source of competitive advantage. Examples include all of the following except: -
Answers - 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 - Answers - A temporary competitive advantage
Establishing a customer service hotline to handle customer complaints would be
considered a primary activity in value-chain analysis - Answers - True
Which statement regarding competitive advantages is true? - Answers - If several
competitors pursue similar differentiation tactics, they may all be perceived as equals in
the mind of the consumer
The downsides or limitations of mergers and acquisitions include all of the following
EXCEPT: - Answers - It is a slow means to enter new markets and acquire skills and
competences
Portfolio management should be considered as the primary basis for formulating
corporate-level strategies - Answers - False
It may be advantageous to vertically integrate when: - Answers - Lower transaction
costs and improved coordination are vital and 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. -
Answers - Standardized; Few
Which of the following would be most difficult to assess? - Answers - The legitimacy and
reputation of a firm
A newly acquired business must always have products that are similar to the existing
businesses' products to benefit from the corporation's core competence. - Answers -
False
A crash R&D program by one firm cannot replicate a successful technology developed
by another firm when research findings cumulate. This is an example of - Answers -
Path Dependency
Although firm infrastructure is often viewed only as overhead expense, it can become a
source of competitive advantage. Examples include all of the following except: -
Answers - 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 - Answers - A temporary competitive advantage
Establishing a customer service hotline to handle customer complaints would be
considered a primary activity in value-chain analysis - Answers - True
Which statement regarding competitive advantages is true? - Answers - If several
competitors pursue similar differentiation tactics, they may all be perceived as equals in
the mind of the consumer
The downsides or limitations of mergers and acquisitions include all of the following
EXCEPT: - Answers - It is a slow means to enter new markets and acquire skills and
competences
Portfolio management should be considered as the primary basis for formulating
corporate-level strategies - Answers - False
It may be advantageous to vertically integrate when: - Answers - Lower transaction
costs and improved coordination are vital and 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. -
Answers - Standardized; Few
