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Chapter 04 Evaluating a Company’s Resources, Capabilities, and
Competitiveness Answer Key
Multiple Choice Questions
1.
Which of the following is
not
one of the five questions that comprise the task of evaluating a
company’s competitive strength and cost structure?
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2.
Which of the following is
not
a component of evaluating a company’s competitive strength and
cost structure?
3.
One important indicator of how well a company’s present strategy is working is whether
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4.
Which one of the following is
not
a reliable measure of how well a company’s current strategy
is working?
5.
A resource-based strategy
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6.
A resource-based strategy
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7.
A company’s resources are competitive assets that are owned or controlled by the company
and include
8.
A capability of the firm is
not
considered to be
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9.
The common types of valuable resources and competitive capabilities that management
should consider when crafting a strategy include
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10.
The competitive power of a company resource depends on
11.
The competitive power of a company resource or competitive capability hinges on
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12.
For a particular company resource to have meaningful competitive power and perhaps qualify
as a basis for competitive advantage, it should
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13.
A company that lacks a stand-alone resource that is competitively powerful may attempt to
develop a competitive advantage through
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14.
A company that is at a disadvantage in the marketplace because it lacks competitively
valuable resources possessed by rivals
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15.
To sustain the competitive power of resources and capabilities, they must be
16.
When a company is good at performing a particular internal activity, it is said to have a
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17.
The difference between a resource and a capability is that
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18.
Every organization has many resources, capabilities, and routines; however, those few things
the company does really well and performs with a very high proficiency are termed
19.
Which of the following is
not
a tangible resource?
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20.
Imitation by rivals is most challenging when
21.
Which one of the following is
not
a tangible resource?
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22.
Which one of the following is
not
an intangible resource?
23.
When a company has become proficient in modifying, upgrading, or deepening the company’s
resources and capabilities in response to its changing environment and market opportunities,
it is called
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24.
Identifying and appraising a company’s resource strengths and weaknesses and its external
opportunities and threats is called
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25.
A first-rate SWOT analysis
26.
Which one of the following is
not
part of conducting a SWOT analysis?
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27.
Which of the following most accurately reflect a company’s resource strengths?
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28.
A company resource weakness or competitive deficiency
29.
A company’s resource weaknesses can relate to
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30.
Sizing up a company’s overall resource strengths and weaknesses