When a firm can do something that rival firms cannot do, or owns something that rival firmsdesire, that can represent a:O a. Competitive AdvantageO b. Organizational StrategyO c. Competitive StrategyO d. Defensive Strategy

The answer is a. Competitive Advantage.In the dynamic and highly competitive business environment,…

Answered: When a firm can do something that rival…

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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Similar questions

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Read the following statements and select if they are true or false. a. The achievement of economies of scope is the most important benefit of unrelated product diversification. True False b. In a related constrained diversification at least 95% of the revenues comes from a single business True False c. Unrelated diversification is when more than 70% of the revenues come from different business. True False d. In related linked diversification all businesses are linked. False True
A vision is aspirational, stating what the firm wants to be. True / False
_______________results in a plan of action for the organisation and its functions, business units, and divisions a. Strategy implementation b. Strategy evaluation c. Strategy management d. Strategy formulation
A firm has the chief economic responsibility to its O a. None of the options O b. Customers O. Investors O d. Employees
50. Which of the following is one of the advantages of ethical decision-making as a long-term business strategy?a. Ethical behavior will increase short-term profits.b. Ethical behavior will provide positive press opportunities.c. Ethical behavior can ensure positive employee relationships.d. Ethical behavior can provide significant competitive advantage.
When a marketing department plans a new strategy, they typically will _____. Group of answer choices create a plan in unity with finance, sales and the company’s overall strategy rely on the sale team to direct them develop the plan and then share it with the rest of the company tie the strategy to the company’s overall strategy
109) Which option best describes prospectors? a) They scan the environment continuously for emerging trends and new market opportunities. b) They don’t care about the competition or the external environment c) They do not focus on product offering. d) Their control system is centralized
Which of the following statements is true? A) Strengths are synonymous with competitive advantage. B) Every company resource or capability is a strength and leads to competitive advantage. C) A strength is not necessarily a source of competitive advantage. D) Strengths are always inimitable. E) None of the above.
Q1 Any activity of organization that come up with profits by providing products in the form of goods and services to customers is known as. a. Stakeholder theory b. Value maximization c. Business d. Profit maximization
Strategic decisions are usually made quickly to not lose out on fleeting opportunities in theturbulent business environment. Your report to Naked had to be written under immense timepressure and as a consultant, you are exposed to several risks. You are required to include in yourreport a “disclaimer” of sorts, informing Naked of all the constraints and limitation you facedduring the writing of your report. You are required to conduct research beyond the scope of theprescribed material to answer this question.Your answer should contain the following points:• Declare any/all limitations and disadvantages of the analysis tools used in Question 1 ofyour report.• Outline any challenges faced during the writing of the report that may influence theobjectivity and validity of the report

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When a firm can do something that rival firms cannot do, or owns something that rival firms desire, that can represent a: a. Competitive Advantage O b. Organizational Strategy O c. Competitive Strategy O d. Defensive Strategy