Question 1

XYZ printing is building a dominant position as the low-cost leader in the 3D printer market.Three resources the firm can draw on to build a sustainable advantage are(1) an efficient supply chains and manufacturing system,(2) internal control systems to minimize cost,and (3) competencies in the R&D of electronic products.This set of competencies will make it harder for later movers to imitate.This is an example of using ________ conditions to build protection in the 3D printing market.

Accepted Answer

A)  social complex
B)  physical uniqueness
C)  path dependent
D)  causal ambiguityE) A) and C)
F) C) and D)

Question 2

A wide variety of firm resources that are costly to imitate due to the social engineering that is required being beyond the capability of competitors include interpersonal relations among managers in the firm,its culture,and its reputation with its suppliers and customers.Such competitive advantages are based upon

Accepted Answer

A)  path dependency.
B)  social complexity.
C)  physical uniqueness.
D)  tangible resources.E) A) and B)
F) All of the above

Question 3

The balanced scorecard enables managers to consider their business from all the following perspectives except

Accepted Answer

A)  customer perspective.
B)  internal perspective.
C)  innovation and learning perspective.
D)  ethical perspective.E) A) and D)
F) B) and C)

Question 4

Path dependency has no impact on the inimitability of resources.

Accepted Answer

A) True 
 B)False

Question 5

Some leading-edge companies are applying the prosumer concept.Here,firms team up with their suppliers and alliance partners to satisfy their customer needs.

Accepted Answer

A) True 
 B)False

Question 6

In contrast to ________ interactions,which allow the firm to gain insights on the needs of a particular customer,________ offers the opportunity to leverage the wisdom of a larger crowd.

Accepted Answer

A)  consumer;sourcing
B)  prosumer;outsourcing
C)  prosumer;crowdsourcing
D)  marketing;crowdsourcingE) A) and B)
F) All of the above

Question 7

Ashley Furniture controls all steps of its distribution systems,developing specific competencies that are difficult to match.They are using ________ to build sustainable advantage.

Accepted Answer

A)  path dependency
B)  social complexity
C)  physical uniqueness
D)  tangible resourcesE) A) and B)
F) A) and C)

Question 8

Capabilities that exhibit causal ambiguity are difficult to imitate.

Accepted Answer

A) True 
 B)False

Question 9

Some firms find great value by not incorporating their customers into the value creation process.

Accepted Answer

A) True 
 B)False

Exam 3: Assessing the Internal Environment of the Firm

Correct Answer
verified

Capabilities that exhibit causal ambiguity are difficult to imitate.

Correct Answer
verified

Path dependency has no impact on the inimitability of resources.

Correct Answer
verified

The balanced scorecard enables managers to consider their business from all the following perspectives except

Correct Answer
verified

Some firms find great value by not incorporating their customers into the value creation process.

Correct Answer
verified

Correct Answer
verified

Some leading-edge companies are applying the prosumer concept.Here,firms team up with their suppliers and alliance partners to satisfy their customer needs.

Correct Answer
verified

In contrast to interactions,which allow the firm to gain insights on the needs of a particular customer, offers the opportunity to leverage the wisdom of a larger crowd.

Correct Answer
verified

Ashley Furniture controls all steps of its distribution systems,developing specific competencies that are difficult to match.They are using ________ to build sustainable advantage.

Correct Answer
verified

Exam 3: Assessing the Internal Environment of the Firm

Correct AnswerverifiedShow Answer

Capabilities that exhibit causal ambiguity are difficult to imitate.

Correct AnswerverifiedShow Answer

Path dependency has no impact on the inimitability of resources.

Correct AnswerverifiedShow Answer

The balanced scorecard enables managers to consider their business from all the following perspectives except

Correct AnswerverifiedShow Answer

Some firms find great value by not incorporating their customers into the value creation process.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Some leading-edge companies are applying the prosumer concept.Here,firms team up with their suppliers and alliance partners to satisfy their customer needs.

Correct AnswerverifiedShow Answer

In contrast to ________ interactions,which allow the firm to gain insights on the needs of a particular customer,________ offers the opportunity to leverage the wisdom of a larger crowd.

Correct AnswerverifiedShow Answer

Ashley Furniture controls all steps of its distribution systems,developing specific competencies that are difficult to match.They are using ________ to build sustainable advantage.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

In contrast to interactions,which allow the firm to gain insights on the needs of a particular customer, offers the opportunity to leverage the wisdom of a larger crowd.

Correct Answer
verified

Correct Answer
verified