Question $11$ pts

The Porter$$s Five Forces Model helps us understand industry dynamics.

Group of answer choices

True

False

Flag question: Question $2$

Question $21$ pts

Assume that Tesla is in the electric vehicle industry. Which of the following is most likely to pose a substitute goods threat?

Group of answer choices

Audi e$-$tron $($electric$)$

All of the options

Limited addition Rolex watch

Mercedes Benz C$-$Class $($non$-$electric$)$

Flag question: Question $3$

Question $31$ pts

You are told that industry X is nearing the expiration of a government regulation that requires an extensive and costly licensing process to operate in the industry. Which of the following forces would you worry the most about as an analyst at a company in industry X$?$

Group of answer choices

New Entrants

Buyer Power

Supplier Power

Substitute goods

Flag question: Question $4$

Question $41$ pts

External analysis helps a firm understand which of its resources and capabilities are likely to be sources of competitive advantage.

Group of answer choices

True

False

Flag question: Question $5$

Question $51$ pts

Which of the following statements about the industry in which Bally$$s Total Fitness participates is true?

Group of answer choices

None of the options

Bally$$s is in an industry with very few substitute products

Bally$$s is in an industry with very few rivals

All of the options

Flag question: Question $6$

Question $61$ pts

Which of the following explanations for Walmart$$s profitability is most likely true?

Group of answer choices

Walmart$$s competitive advantage is derived from path dependance$/$historical conditions

Walmart$$s competitive advantage is derived from brand equity$/$customer perceptions

Walmart charges higher prices than its competitors

All of the options are true

Flag question: Question $7$

Question $71$ pts

Which of the following scenarios is likely to result in an unused $($potentially sustainable$)$ competitive advantage?

Group of answer choices

All of the options

A firm has a rare and inimitable resource that is not valuable

A firm has a valuable, rare, inimitable resource that it is not organized to exploit

A firm has a valuable, rare resource that is not inimitable

Flag question: Question $8$

Question $81$ pts

The VRIO framework offers a tool for assessing the external forces at play in an industry.

Group of answer choices

True

False

Flag question: Question $9$

Question $91$ pts

If a resource or capability is valuable and rare but not costly to imitate, exploiting this resource is likely to generate a:

Group of answer choices

competitive parity

sustained competitive advantage

temporary competitive advantage or no competitive advantage

perfectly competitive environment

Flag question: Question $10$

Question $101$ pts

You are an analyst at a company that is organizationally poised to exploit a resource. You have identified a resource that is valuable, rare and inimitable. Your boss concludes that this resource must be a source of competitive advantage. Is your boss likely to be correct?

Group of answer choices

Yes

No

Flag question: Question $11$

Question $111$ pts

The covid$-19$ pandemic was an example of a general environment force.

Group of answer choices

True

False