I need help. It is due today 1. __________ capabilities are capabilities that few, if any, competitors possess.   a. Costly-to-imitate   b. Rare   c. Valuable   d. None of the Above

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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I need help. It is due today

1. __________ capabilities are capabilities that few, if any, competitors possess.

  a.

Costly-to-imitate

  b.

Rare

  c.

Valuable

  d.

None of the Above

2. If a firm does not possess any capabilities that are valuable, rare, costly to imitate and its capabilities are easily substitutable, then the firm is most likely going to experience __________.

  a.

below-average returns

  b.

a competitive disadvantage

  c.

a temporary competitive advantage

  d.

Both (a) and (b) are currect

  1. 3. __________ resources are a superior source of capabilities and subsequently, core competencies.

      a.

    Intangible

      b.

    Tangible

      c.

    Physical

      d.

    Financial

    4. Which of the following is not considered a support function in a value chain?

      a.

    Finance

      b.

    Follow-up Service

      c.

    Management Information Systems

      d.

    Human Resources

    5. 

    The Ralph Lauren Corporation is known for having an excellent Marketing department.  Which of the following capabilities are most likely related to its expertise in that functional area?

      a.

    Effective use of logistics management techniques

      b.

    Product and design quality

      c.

    Ability to envision the future of clothing

      d.

    Innovative merchandising

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