please review strategic management question. (question 1-10 is true and false)

1.When a company has differentiated products, they have less pricing options.

2.At Adam's bicycle repair shop, the primary value chain activity of production occurs each time a customer's bicycle is repaired.

3.The most successful firms are those that constantly learn and adjust their distinctive competencies.

4.Internal analysis is concerned with identifying a company's opportunities and threats.

5.Benchmarking is a practice in which a company's performance is compared against that of other companies in different industries.

6.The primary activities of the value chain include the design, creation, and delivery of the product, the product's marketing, and its support and after-sales service.

7.Lucy is an entrepreneur who is interested in opening her own bakery. She is concerned with obtaining money for equipment for the bakery such as ovens, pots and pans, and display cabinets. Lucy is trying to obtain intangible resources for her business.

8.A company's profitability depends on the value customers place on the company's products and a company's ability to reduce its production costs.

9.Intellectual property protections, including patents, trademarks and copyrights, typically provide a barrier to imitation.

10.Distinctive competencies are firm-specific strengths that allow a company to differentiate its products and achieve substantially lower costs than its rivals.

According to the text, one of the basic building blocks of competitive advantage is

Select one:

a.variety.

b.distribution.

c.quantity.

d.innovation.

e.logistics.

Dale's methods of fitting horseshoes save time and money for his employer at the local ranch. However, when Dale suggests that everyone use his method, his boss, Cedric, says, "No. That's not the way we've always done it around here." Cedric's resistance to change illustrates

Select one:

a.lack of distinctive competencies.

b.organizational inertia.

c.the Icarus paradox.

d.barriers to mobility.

e.prior strategic commitments.

Factors that make it difficult for a competitor to copy a company's distinctive competencies are known as

Select one:

a.barriers to imitation.

b.support activities.

c.capabilities.

d.marketing know-how.

e.technological know-how.

Which of the following support activities in the value chain refers to the transmission of physical materials from procurement through production and into distribution?

Select one:

a.Research and Development

b.Information systems

c.Operations

d.Logistics

e.Human resources

Competitive advantage is based on

Select one:

a.higher cost structure.

b.prior strategic commitments.

c.distinctive competencies.

d.the Icarus paradox.

e.barriers to change in a company.

Competitive advantage typically leads to

Select one:

a.a defective business model.

b.barriers to changes in the organization.

c.average profitability within an industry.

d.the Icarus paradox.

e.superior profitability.

When Rollie's car wash began to lose business to rivals, Rollie read publications for car wash owners to learn the best practices in the industry. Then she implemented the best practices. Rollie is using ______ to improve her car wash.

Select one:

a.specialized assets

b.benchmarking

c.the Icarus paradox

d.strategic commitments

e.inertia

Cost accountants are responsible for gathering and monitoring data used for controlling the organization's costs. In which value chain activity do cost accountants work?

Select one:

a.Research and development

b.Marketing and sales

c.Company infrastructure

d.Materials management

e.Human resources

A company's competitive advantage will not endure for long when that competitive advantage can be

Select one:

a.protected by patents.

b.shared with other companies in the industry.

c.quickly or easily duplicated by other companies.

d.protected by significant barriers to imitation.

e.shielded by copyrights.

Which primary activity in the value chain is concerned with the design of products and production processes?

Select one:

a.Research and development

b.Production

c.Company infrastructure

d.Materials management

e.Marketing and sales

this is FULL question