Question 10Acompetitive advantage based on inimitability can be sustained for at least sometime, if it has the following characteristics:Opsychographic uniqueness, path dependency, causal ambiguity, andsubstitutability.Ophysical uniqueness, path complexity, social ambiguity, and causal dependency.Opath dependency, causal ambiguity, rarity, and social substitutability.causal ambiguity, path dependency, physical uniqueness, and social complexity.

It is difficult to copy or create ready equivalents for an inimitable resource. If it's tough for…

Answered: Question 10 Acompetitive advantage…

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

Problem 1CE

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QUESTION 48 In which stage of the product development process will a company see prototypes? a. Conceptualization b. Planning c. Commercialization d. End product QUESTION 50 As a marketer, you are looking at, among other things, what the firm needs to make its products and bring it to market and those who will buy the product. Which element of the micro-environment is considered most important as the exchange partner with different wants and needs? a. Customers b. Competitors c. Intermediaries d. Suppliers
QUESTION 3 Beta Corp., a gaming software company, recently launched a new game. The target audience identified by the company was the age group of 12-18 years. The advertising and marketing strategies were designed exclusively to target this age group. However, sales data revealed individuals who belong to the age bracket 18-25 years were the ones who bought the game. The managers at Beta Corp. decided to redesign their marketing strategies to position the game as a product that people of all ages would enjoy. The company's decision to modify its product positioning demonstrates which of the following strategies? a. concurrency control O b. deliberate O C. unrealized O d. emergent e. downsizing QUESTION 4 Dave's Construction Company conducted a SWOT analysis which resulted in a need to implement business strategies that increase customer awareness and widen their customer base through better customer service to gain a competitive advantage in their industry. Which of the following…
QUESTION 2 True or False: Problem recognition generally begins when a consumer recognizes there is a "gap" between where the consumer is (actual situation) and where the consumer wants to be (ideal situation). The wider the gap, the more urgency to fill the gap (usually with a purchase).... True False
Question 12 Distinguish between rating and ranking. Which is a better attitude measurement technique? Why?
Question 7: Groupthink is: Group of answer choices A) A mindset of not rocking the boat in order to avoid promoting viewpoints outside the comfort zone of consensus thinking, which ultimately leads to planned, rational decision making because ideas are critically analyzed. B) A mindset of not rocking the boat in order to avoid promoting viewpoints outside the comfort zone of consensus thinking, which ultimately leads to hasty, irrational decision making because ideas are not critically analyzed. C) A mindset of not rocking the boat in order to avoid promoting viewpoints outside the comfort zone of consensus thinking, which ultimately leads to hasty, irrational decision making because ideas are critically analyzed. D) A mindset of rocking the boat in order to promote viewpoints outside the comfort zone of consensus thinking, which ultimately leads to hasty, irrational decision making because ideas are not critically analyzed.
Multiple Choice Question 7. Which of the following is true of the U.S. age demographics? A C D E AUB The Generation Xers form the largest segment of the population. The Generation Xers are the most educated section of the population. The baby boomers are the poorest segment of the population. The Millennial generation accounts for nearly half of all the discretionary consumer spending in the U.S. The Millennials are the most financially secure segment of the population.

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