In this situation it is unlikely that competitive advantage will be: Hyperactive. The way in which the different activities of the organization are linked together to add value. 9 min ago, Lua | 38 min ago, PowerShell | , all rights reserved. 6. There is a threat of forward integration. 44 min ago, mIRC | Get it solved from our top experts within 48hrs! Competitive advantage can best be described as: Which one of the following factors is considered to make an organization's resources unique? The __________ should elaborate a purpose for the organization. Porter's Five Forces assumes a 'zero-sum game'. A competitive edge is a necessary ingredient for an organization’s long-term success and survival. © Oxford University Press, 2020. Individual Tax Return Problem complete the required forms on the actual forms which are provided on the, Log into your existing Transtutors account. The internal perspective on competitive advantage is also known as which of the following? Which of the following best describes the competitive advantage perspective that Ms. Gibson is proposing. ... A group of key resources and competences that are necessary to achieve competitive advantage. Instructions. The ________ perspective argues that the structure of industries and positioning of products/services determine whether the firm achieves competitive advantage. Phillip and Claire have three dependent children. Which statement about the strategic management process is most accurate? Which of the, A company plans to maximize its profits by charging premium prices for superior customer, Which of the following would be least likely to drive a companyʹs staging decision regarding, A company executive makes a presentation to the companyʹs shareholders regarding the. Question 1 of 20 5.0 Points Competitive advantage can best be described as: A. increased efficiency. Competitive advantage is determined by the structure of the industry. Correct answer to the question: 7. Competitive advantage can best be described as: a. increased efficiency. what sets an organization apart.c. The relationship between organizations interacting in the same game. 57 min ago, Python | ... high uncertainty and global competition can be described as: Hypercompetitive. Capitalizing on information, people, ideas, and knowledge characterizes the implication of: __________ is defined as a structured transition in what an organization does and how it does it. according to the guerrilla view of competitive advantage, the state of an organization's competitive advantage … a. Printed from A company makes a decision to expand only by developing new stores internally. _____ is the foundation of blue ocean strategy. How the company can achieve the biggest market share. 100+ Multiple Choice Questions and Answers on Strategic Management (MCQs). A group of customers that have similar characteristics. intangible resources. Industrial organization view. what sets an organization apart.c. Phillip is self-employed as a real estate agent, and Claire is a flight attendant. © 2007-2020 Transweb Global Inc. All rights reserved. Which concept describes how a firm determines the objectives and tasks that are required to, The initial plan behind a strategy is best described as the ________ strategy, A senior manager is reviewing the components of the strategy diamond with her staff. ________ is/are not a vehicle described in the business strategy diamond. All of the following are aspects of organizational structure except ________. d. intangible resources. Be sure to prepare a Schedule K-1 for each partner. These are: The goals of an organization derive from its: The statement of an organization's aspirations can be found in the organization's: Drucker refers to an organization's assumptions about its environment and its internal strengths and weaknesses as its: Decisions regarding which industries to compete in are the concern of: The perspective on strategy formulation that is associated with frameworks such as the SWOT analysis is known as: Communication, Media Studies, & Journalism, Return to Understanding Strategic Management 3e Student Resources. one year ago, Posted Strategy is about how firms position themselves in relation to competitors. 2. The concept of strategic alignment can best be described as _____. The. Competitive advantage can best be described as: 10/4/2020 Strategic Management MCQ: Multiple Choice Questions on Strategic Management 7/51 a. increased efficiency. B. what sets an organization apart. The supplier's product is easy to understand. The competitive advantage perspective that focuses on structural forces within an industry, the competitive environment of firms, and how these influence competitive advantage is the __________ view. B. what sets an organization apart. In the perceptions of consumers, low prices tend to be associated with ________. correct incorrect. The 'positioning' approach to strategy holds the view that: Strategy is about how a firm positions itself in relation to the industry structure. b. what sets an organization apart c. a strength of the organization. Bash | intangible resources. Chapter 1 Multiple choice questions. ... Resources and capabilities that serve as a source of competitive advantage for a firm over its rivals are called _____. - … Three variables appropriate to the industry. B. Imitability . C. a strength of the organization. The way in which the organization produces value for the customer. C. Quality . These pages are best viewed in a newer browser, such as Microsoft Edge, Google Chrome or Mozilla Firefox. A group of key resources and competences that are necessary to achieve competitive advantage. Achieve competitive advantage. D. Efficiency . Kay (1993) sees the strategy of an organization as matching internal capabilities with: An organization's external environment consists of the general or macro environment and: The key activities in the strategic management process are: Strategy analysis is also referred to as: Strategy formulation takes place at two levels. correct incorrect. Question 2 of 20 5.0 Points ... 50 MCQ A fraternity is an example of an organizati... 20 MCQ Of the following, which is NOT one of the f... GPA Calculator JAVA; Printed from D) Competitive advantage is determined by industry attractiveness correct incorrect. a 8. correct incorrect. Download: Assignment Requirements:You are required to read the above case study and after further research, and write a report thataddresses the following items (please conduct research, and use relevant examples to support yourdiscussion):1.