Question

1. What statement about resource identification is incorrect

   1. Technology is an intangible resource and can be Proxied via a firm's research and development spending

   2. A firm's physical resources include skilled employees and can be Proxied with the firms turnover rate

   3. Reputation is an intangible resource and can be PROXIED via a firm's brand equity

   4. Firms financial resources can be PROXIED Based on shrooms credit rating

1. Which of the following factors is not a residual driver of a cost advantage?

   1. Organizational slack

   2. Organizational culture

   3. Managerial effectiveness

   4. Product variety

1. The fundamental idea of a competitive advantage based on differentiation is that:

   1. One firm must always be different from the competitors

   2. One must always be diversified from the competition

   3. One firm must find a single superior aspect to build the strategy

   4. None of the statements describes completely the differentiation advantages

1. Which of the following statements is incorrect?

   1. To establish a cost advantage a firm can improve managerial effectiveness

   2. To establish a cost advantage a firm can decrease organizational slack

   3. To establish a cost advantage a firm can engage in process innovation

   4. To establish a cost advantage a firm can decrease standardization of products components

Answer 1

1ans) D ) Firms financial resources can be proxied based on shrooms credit rating

Based on finance resouce based view firms financial resources can be proxied .and valuable.

2 ans ) C) Managerial effectiveness

Managerial effectiveness is not a factor of a cost advantage.

3 ans ) a) one firm must always be different from competitors

competitive advantage is based on differentiation on products

4 ans) a) to establish a cost advantage a firm can improve managerial effectiveness.

it is not a factor of cost advantage,