Frank Rothaermel strategic management Test bank 6th edition
t t t t t t t
UPDATED 2023 QUESTIONS AND ANSWERS GRADED A+
t t t t t t t
1. Keeping tin tmind tApple's tcompetitive tadvantage, twhich tof tthe tfollowing tproducts twas
tintroduced tby tApple tin t2007?
A. iPa
td
B. iPhon
e
C. iPo
td
D. iTune
ts
2. is tbest tdescribed tas tan tintegrative tmanagement tfield tthat tcombines tanalysis,
tformulation, tand timplementation tin tthe tquest tfor tcompetitive tadvantage.
A. Supply tchain
tmanagement
B. Integrated ttechnology
tmanagement
C. Strategic
tmanagemen
t
D. Inventory
tmanagemen
t
3. is tbest tdescribed tas ta tset tof tgoal-directed tactions ta tfirm ttakes tto tgain tandsustain
superior tperformance trelative tto tcompetitors.
t
A. Behavior
tmodificatio
n
B. Strateg
ty
C. Cred
to
D. Competency
tmanagemen
t
,4. Which tof tthe tfollowing tstages tof tthe tstrategic tmanagement tprocess tinvolves tan
tevaluation tof ta tfirm's texternal tand tinternal tenvironments?
A. Strategy
tanalysis
B. Strategy
timplementatio
n
C. Strategy
tformulatio
n
D. Strategy
tcontrol
5. In , ta tfirm tframes ta tguiding tpolicy tto taddress tthe tcompetitive tchallenge.
A. strategy
tcontrol
B. strategy
timplementatio
n
C. strategy
tformulatio
n
D. strategy
tanalysi
s
6. Through , ta tfirm tputs tits tguiding tpolicy tinto tpractice tby temploying ta tset tof
tcoherent tactions.
A. strategy
tcontrol
B. strategy
timplementatio
n
C. strategy
tformulatio
n
D. strategy
tanalysi
s
,7. A tfirm tthat tachieves tsuperior tperformance trelative tto tother tfirms tin tthe tsame tindustryor tthe
tindustry taverage thas ta(n) .
A. competitive
tadvantage
B. balanced
tscorecar
d
C. power
position
D. equity
leverage
8. Cadia tFoods tInc. twas tthe tfirst tcompany tto tstart tselling tenergy tdrinks tin tits tcountry—aproduct
tthat tgained tpopularity tamong tdiverse tgroups. tSoon, tother tcompanies tstartedto tsell ttheir town
tbrands tof tenergy tdrinks, tthereby tgiving tCadia tFoods tample tcompetition. tIn tresponse, tCadia
tFoods tdecided tto tlimit tits tvariety tof tenergy tdrinks tto tonly ttwo. tHowever, tit tensured tthat tthese
ttwo tflavors twere tfree tof tcalories tand tlow tin tcost. tWith tthis tinnovation, tCadia tFoods tInc.
tconsistently toutperformed tits tcompetitorsfor tten tyears. tIn tthis tscenario, tCadia tFoods tInc. thas
tmaintained ta through tits
tinnovative tstrategy.
A. balanced
tscorecar
d
B. fiduciary
tresponsibilit
y
C. consistent tpower
tposition
D. sustainable tcompetitive
tadvantage
9. Which tof tthe tfollowing tscenarios tillustrates ta tfirm tthat thas ta tsustainable tcompetitive
tadvantage?
A. Newon tInc. tgenerated ta trevenue tof t$300,000 tthis tfinancial tyear, twhich tis tclose ttothe
tindustrial trevenue taverage tof t$320,000.
B. SM tInc. talmost tdoubled tits tsales tto t8500 tunits tthis tyear tcompared tto tits tpreviousyear's
tsales tof t5000 tunits, tthough tthe tindustry taverage tis t10,000 tunits.
C. TrueLink tCorp. twas table tto thold tits tmarket tshare tof t68 tpercent tin tthe tsocial
tnetworking tindustry tfor tmore tthan tthree tyears.
D. Max tElectrova tInc. twas table tto toutperform tits tcompetitors twith tits tnew tproductionsystem, tin
tterms tof trevenue, tfor ta tbrief tperiod tof tfour tmonths.
, 10. If tSA tPharmaceuticals tobtains tan t18 tpercent treturn ton tinvested tcapital, twhich tof tthefollowing
twill thelp tdetermine tif tit thas ta tcompetitive tadvantage tover tother tpharmaceutical tcompanies?
A. Comparing tthe treturn tto tthe treturn ton tinvested tcapital tobtained tby tother tfirmsin tthe
tindustry
B. Assessing tthe tvalue tbased ton tthe tshareholders' texpectations tof treturn tontheir
tcapital
C. Evaluating tthe tliquidity tratios tfor tother tpharmaceutical
tcompanies
D. Comparing tthe tvalue tto tthe thistory tof tthe tfirm's treturn tof tinvestment tover tanumber tof
tyears
11. Underperformance trelative tto tother tfirms tin tthe tsame tindustry tor tthe tindustryaverage
tresults tin ta(n) for ta tfirm.
A. sustainable tcompetitive
tadvantage
B. increased tpower
tdistance
C. diseconomies tof
tscope
D. competitive
tdisadvantag
e
12. New tCommunications tInc. tis ta tnewspaper tpublishing tcompany twhose taverage treturnon
tinvested tcapital tis tapproximately t5 tpercent. tBecause tnewspaper tpublishing tis tadeclining
tindustry, tthe tindustry taverage thas tbeen tnegative t(-5 tpercent) tfor tthe tlast tfew tyears. tIn tthis
tscenario, tNew tCommunications tInc. thas ta .
A. competitive
tadvantage
B. balanced
tscorecar
d
C. competitive
tdisadvantag
e
D. power
position
t t t t t t t
UPDATED 2023 QUESTIONS AND ANSWERS GRADED A+
t t t t t t t
1. Keeping tin tmind tApple's tcompetitive tadvantage, twhich tof tthe tfollowing tproducts twas
tintroduced tby tApple tin t2007?
A. iPa
td
B. iPhon
e
C. iPo
td
D. iTune
ts
2. is tbest tdescribed tas tan tintegrative tmanagement tfield tthat tcombines tanalysis,
tformulation, tand timplementation tin tthe tquest tfor tcompetitive tadvantage.
A. Supply tchain
tmanagement
B. Integrated ttechnology
tmanagement
C. Strategic
tmanagemen
t
D. Inventory
tmanagemen
t
3. is tbest tdescribed tas ta tset tof tgoal-directed tactions ta tfirm ttakes tto tgain tandsustain
superior tperformance trelative tto tcompetitors.
t
A. Behavior
tmodificatio
n
B. Strateg
ty
C. Cred
to
D. Competency
tmanagemen
t
,4. Which tof tthe tfollowing tstages tof tthe tstrategic tmanagement tprocess tinvolves tan
tevaluation tof ta tfirm's texternal tand tinternal tenvironments?
A. Strategy
tanalysis
B. Strategy
timplementatio
n
C. Strategy
tformulatio
n
D. Strategy
tcontrol
5. In , ta tfirm tframes ta tguiding tpolicy tto taddress tthe tcompetitive tchallenge.
A. strategy
tcontrol
B. strategy
timplementatio
n
C. strategy
tformulatio
n
D. strategy
tanalysi
s
6. Through , ta tfirm tputs tits tguiding tpolicy tinto tpractice tby temploying ta tset tof
tcoherent tactions.
A. strategy
tcontrol
B. strategy
timplementatio
n
C. strategy
tformulatio
n
D. strategy
tanalysi
s
,7. A tfirm tthat tachieves tsuperior tperformance trelative tto tother tfirms tin tthe tsame tindustryor tthe
tindustry taverage thas ta(n) .
A. competitive
tadvantage
B. balanced
tscorecar
d
C. power
position
D. equity
leverage
8. Cadia tFoods tInc. twas tthe tfirst tcompany tto tstart tselling tenergy tdrinks tin tits tcountry—aproduct
tthat tgained tpopularity tamong tdiverse tgroups. tSoon, tother tcompanies tstartedto tsell ttheir town
tbrands tof tenergy tdrinks, tthereby tgiving tCadia tFoods tample tcompetition. tIn tresponse, tCadia
tFoods tdecided tto tlimit tits tvariety tof tenergy tdrinks tto tonly ttwo. tHowever, tit tensured tthat tthese
ttwo tflavors twere tfree tof tcalories tand tlow tin tcost. tWith tthis tinnovation, tCadia tFoods tInc.
tconsistently toutperformed tits tcompetitorsfor tten tyears. tIn tthis tscenario, tCadia tFoods tInc. thas
tmaintained ta through tits
tinnovative tstrategy.
A. balanced
tscorecar
d
B. fiduciary
tresponsibilit
y
C. consistent tpower
tposition
D. sustainable tcompetitive
tadvantage
9. Which tof tthe tfollowing tscenarios tillustrates ta tfirm tthat thas ta tsustainable tcompetitive
tadvantage?
A. Newon tInc. tgenerated ta trevenue tof t$300,000 tthis tfinancial tyear, twhich tis tclose ttothe
tindustrial trevenue taverage tof t$320,000.
B. SM tInc. talmost tdoubled tits tsales tto t8500 tunits tthis tyear tcompared tto tits tpreviousyear's
tsales tof t5000 tunits, tthough tthe tindustry taverage tis t10,000 tunits.
C. TrueLink tCorp. twas table tto thold tits tmarket tshare tof t68 tpercent tin tthe tsocial
tnetworking tindustry tfor tmore tthan tthree tyears.
D. Max tElectrova tInc. twas table tto toutperform tits tcompetitors twith tits tnew tproductionsystem, tin
tterms tof trevenue, tfor ta tbrief tperiod tof tfour tmonths.
, 10. If tSA tPharmaceuticals tobtains tan t18 tpercent treturn ton tinvested tcapital, twhich tof tthefollowing
twill thelp tdetermine tif tit thas ta tcompetitive tadvantage tover tother tpharmaceutical tcompanies?
A. Comparing tthe treturn tto tthe treturn ton tinvested tcapital tobtained tby tother tfirmsin tthe
tindustry
B. Assessing tthe tvalue tbased ton tthe tshareholders' texpectations tof treturn tontheir
tcapital
C. Evaluating tthe tliquidity tratios tfor tother tpharmaceutical
tcompanies
D. Comparing tthe tvalue tto tthe thistory tof tthe tfirm's treturn tof tinvestment tover tanumber tof
tyears
11. Underperformance trelative tto tother tfirms tin tthe tsame tindustry tor tthe tindustryaverage
tresults tin ta(n) for ta tfirm.
A. sustainable tcompetitive
tadvantage
B. increased tpower
tdistance
C. diseconomies tof
tscope
D. competitive
tdisadvantag
e
12. New tCommunications tInc. tis ta tnewspaper tpublishing tcompany twhose taverage treturnon
tinvested tcapital tis tapproximately t5 tpercent. tBecause tnewspaper tpublishing tis tadeclining
tindustry, tthe tindustry taverage thas tbeen tnegative t(-5 tpercent) tfor tthe tlast tfew tyears. tIn tthis
tscenario, tNew tCommunications tInc. thas ta .
A. competitive
tadvantage
B. balanced
tscorecar
d
C. competitive
tdisadvantag
e
D. power
position
