Chapter 4 – Firm Resources: Competitiveness and Growth
Quiz
The resource-based view focuses on the external environment of the firm
- True
- False
Tangible assets are things that you can observable and quantifiable.
- True
- False
Nearshoring refers to the co-location of product development and manufacturing in nearby locations, for instance within the same industrial park.
- True
- False
Dynamic capabilities are higher order capabilities that enable companies to renew their portfolio of capabilities to react to changing markets.
- True
- False
Causal ambiguity is an important reason why competitors may find capabilities to inimitable.
- True
- False
Human resources refer to assets that have been created by humans as opposed to natural resources such as agricultural or mining products.
- True
- False
If a company sets up a subsidiary abroad to move some of its production overseas, then we talk of
- Captive marketing
- Captive offshoring
- Captive outsourcing
- Captive management
A company that is producing products on behalf of brand name companies without itself being involved in the product development is also known as
- Original brand manufacturer
- Original equipment manufacturer
- Original market manufacturer
- Original design manufacturer
The concept of … describes the stages of a manufacturing process necessary to produce a product or service
- Demand product
- Value product
- Demand chain
- Value chain
The term “offshore outsourcing” refers to
- Relocating production to an independent firm abroad
- Establishment of oil wells offshore, e.g. in the North Sea or the Gulf of Mexico
- Relocating production to a subsidiary abroad
- Nothing really because the two words mean thing.
The activity of comparing a company’s resources and capabilities with those of a leading company in the industry is also known as
- Competitor intelligence
- Competitor analysis
- Benchmarking
- VRIO analysis
Which of the following is not a question asked as part of a VRIO analysis?
- Does the resource add value?
- Is the resource rare?
- Is the resource intangible?
- Are other policies and procedures organized to support the exploitation of this resource?