18. In the second quarter of 2021, Xiaomi surpassed Apple Inc. to become the second-largest seller of smartphones worldwide. Xiaomi is also a major manufacturer ofappliances including smart televisions, flashlights, air purifiers, etc. In order forXiaomi to build a new television factory in India, they have to arrange the necessaryfinancing. The strategies needed to arrange financing for this factory are referred toas:A. Senior level strategy.B. Functional level strategy.C. Strategic business unit level strategy.D. Corporate level strategy.19. Several automobile manufacturers have ventured into the electric vehicle market.This has been accelerated more after the success shown by Tesla. Although multipleglobal companies are launching their own electric vehicles, yet the competition in theindustry is still not considered to be very intense. This is most likely due to:A. High industry growthB. Exit barriersC. Strategic commitmentsD. Consolidated industry structure20. In the resource-based view, a critical assumption is that bundles of resources,capabilities, and competencies differ across firms. This is known as:A. Dynamic CompetenciesB. Resource HeterogeneityC. Dynamic CapabilitiesD. Resource Immobility 15. The 2.93 billion monthly active users of Facebook, make it difficult for more recententrants such as Google Plus to compete effectively. Which of the following optionsmost represents Facebook's strengths in terms of barriers to entry for companiesthat wish to join the social media industry?A. Economies of scale.B. Capital requirements.C. Network effects.D. Government policies.16. Strategic managers at Shell work with experts to create possible forecasts of whatthe world might look like in the future. For example, one possibility might include astable political position in the Middle East, high levels of oil production and a low oilprice. Another possibility might focus on high levels of intervention by thegovernment to reduce car usage, leading to high taxes and low levels of demand.Shell is engaging in:A. Strategy as planned emergence.B. Top-down strategic planning.C. Scenario planning.D. Resource allocation process.17. During a recession, what type of strategy provides resilience to companies?A. Differentiation strategyB. Cost leadership strategyC. Integration StrategyD. Discretionary spend industry strategy

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Answered: 18. In the second quarter of 2021,…

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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