
MID chapter 5 strategic
Quiz
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Business
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University
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Practice Problem
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Easy
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43 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Those critical strengths and weaknesses that are likely to determine if a firm will be able to take advantage of opportunities while avoiding threats are called
A) SWOT.
B) competitive forces.
C) internal strategic factors.
D) quality accounting.
E) factor analysis.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT one of the four question areas Barney proposes in his VRIO framework used to evaluate a firm's key resources?
organization
durability
rareness
value
imitability
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a company determines that a competency provides a competitive advantage to the customer, Barney refers to this issue as
Valuable
rareness
imitability
organization
durability
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to Barney's VRIO framework, the firm's exploit of a competency pertains to
Valuable
rareness.
imitability
organization.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A corporation's ability to exploit its resources is referred to as its
Resources.
Capabilities.
Core competencies.
Critical success factors.
Key performance factors.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
FedEx's application of information technology to all its operations is an example of
Core competencies.
Resources.
Distinctive competencies.
Critical success factors.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a company's core competencies are superior to those of competitors, these are known as
.
E) key performance factors.
distinctive competencies.
Resources.
Core competencies
Critical success factors.
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