Chapter 4 - Firm resources: competitiveness and growth

Description

5 International Business Quiz on Chapter 4 - Firm resources: competitiveness and growth, created by Silje Ris on 13/02/2024.
Silje Ris
Quiz by Silje Ris, updated 5 months ago
Silje Ris
Created by Silje Ris 5 months ago
4
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Resource summary

Question 1

Question
The resource-based view focuses on the external environment of the firm.
Answer
  • True
  • False

Question 2

Question
Tangible assets are things that are observable and quantifiable.
Answer
  • True
  • False

Question 3

Question
Nearshoring refers to the co-location of product development and manufacturing in nearby locations, for instance within the same industrial park.
Answer
  • True
  • False

Question 4

Question
Dynamic capabilities are higher order capabilities that enable companies to renew their portfolio of capabilities to react to changing markets
Answer
  • True
  • False

Question 5

Question
Causal ambiguity is an important reason why competitors may find capabilities too inimitable.
Answer
  • True
  • False

Question 6

Question
Human resources refer to assets that have been created by humans as opposed to natural resources such as agricultural and mining products.
Answer
  • True
  • False

Question 7

Question
If a company sets up a subsidiary abroad to move some of its production overseas, then we talk of
Answer
  • captive marketing
  • captive offshoring
  • captive outsourcing
  • captive management

Question 8

Question
A company that is producing products on behalf of brand name companies without itself being involved in the product development is also known as
Answer
  • original brand manufacturer (OBM)
  • original equipment manufacturer (OEM)
  • original market manufacturer (OMM)
  • original design manufacturer (ODM)

Question 9

Question
The concept of __ describes the stages of a manufacturing process necessary to produce a product or service
Answer
  • demand product
  • value product
  • demand chain
  • value chain

Question 10

Question
The term "offshore outsourcing" refers to
Answer
  • 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 nothing

Question 11

Question
The activity of comparing a company's resources and capabilities with those of a leading company in the industry is also known as
Answer
  • competitior intelligence
  • competitior analysis
  • benchmarking
  • VRIO analysis

Question 12

Question
Which of the following is not a question asked as part of a VRIO analysis?
Answer
  • Does the resource add value?
  • Is the resource rare?
  • Is the resource intagible
  • Are other policies and procedures organized to support the exploitation of this resource?
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