Question 1 (Mutiple Choices) Creating a true and sustainable advantage is accomp

Question

Question 1 (Mutiple Choices)

Creating a true and sustainable advantage is accomplished by perceiving or discovering new or better ways to compete in an industry and taking product or services to market. A key is how competitive advantage is implemented. Implementation consists of which of the following?

a) Activities fit

b) Value chain analysis

c) Trade-offs

d) Anthropomorphism

Question 2 (Mutiple Choices)

Value Chain analysis is predicate on?

a) The idea the value chain is based on the process view of the organization

b) The idea of seeing manufacturing (or service) organization as a system, made up of subsystems each with inputs

c) Viewing the organization as a whole entity

d) Understanding the entire organization is where value lies not in its parts

Question 3 (Mutiple Choices)

Game Theory takes an economic prospective by focusing on incentives under conditions of ...

a) Theorizing what competitors really want

b) Determining competitors beliefs

c) Predisposition

d) Competition

Question 4 (Mutiple Choices)

Competitor Profiling takes a behavioral perspective trying to identify competitors predispositions which includes trying to determine...

a) What competitors might do based on expecting them to be economically oriented all the time

b) If competitors are non-economically inclined or act in a manner that deliberately departs from attempting to achieve value maximization.

c) How competitors might see themselves as pursuing their goals

d) What competitors might do based on their historical actions

Question 5 (Mutiple Choices)

One must keep in mind the theory and discussions in Chapter 4 focus on the dynamics of situations in which there are.....

a) A large number of identifiable players

b) A small number of identifiable players

c) The number of players is inmaterial

d) Players refers to a brand of English cigarettes and is used as an example in a zero sum game.

Explanation / Answer

1. B

2. A

3.B

4. B

5.A

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