Question 19 of 47 1 Points What does the value component in RBV's VRIN framework assess A The durability of a resource B The number of resources an organization possesses C Whether a resource or capability can create value for the firm D The cost of acquiring resources Reset Selection Question 20 of 47 1 Points When conducting an external analysis, what is the purpose of assessing the threat of new entrants in an industry A To determine the industry's growth rate B To identify opportunities for mergers and acquisitions C To evaluate customer preferences D To understand how easy or difficult it is for new competitors to enter the market Reset Selection Question 21 of 47 1 Points What does Porter's Five Forces framework aim to analyze in strategic management A Market share of competitors B Internal organizational culture C Industry profitability and attractiveness D Social and environmental factors Reset Selection Question 22 of 47 1 Points What is the primary focus of a SWOT analysis in internal analysis A Identifying external opportunities and threats B Evaluating an organization's internal strengths and weaknesses C Analyzing customer preferences D Assessing the competitive landscape Reset Selection Question 23 of 47 1 Points Which of the following is NOT typically considered a component of the external environment in environmental scanning A Organizational culture B Competitive factors C Industry specific factors D Economic factors Reset Selection Question 24 of 47 1 Points Which of the following is NOT one of the five competitive forces in Porter's Five Forces model A Industry growth rate B Bargaining power of customers C Bargaining power of suppliers D Threat of new entrants Reset Selection Question 25 of 47 1 Points In contrast to the industrial organization model, which of the following factors would be considered a key to organizational success in a resource based model A weak competition B economies of scale C unique market niche D loyal employees Reset Selection Question 26 of 47 1 Points In external analysis, what is the term for a company's unique capabilities and resources that give it a competitive advantage A Internal weaknesses B Core competencies C Market segmentation D Industry analysis

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Question 19 of 47 1 Points What does the value component in RBV's VRIN framework assess? A. The durability of a resource B. The number

Question 19 of 47 1 Points

What does the "value" component in RBV's VRIN framework assess?

A. The durability of a resource
B. The number of resources an organization possesses
C. Whether a resource or capability can create value for the firm
D. The cost of acquiring resources

Reset Selection

Question 20 of 47 1 Points

When conducting an external analysis, what is the purpose of assessing the threat of new entrants in an industry?

A. To determine the industry's growth rate
B. To identify opportunities for mergers and acquisitions
C. To evaluate customer preferences
D. To understand how easy or difficult it is for new competitors to enter the market

Reset Selection

Question 21 of 47 1 Points

What does Porter's Five Forces framework aim to analyze in strategic management?

A. Market share of competitors
B. Internal organizational culture
C. Industry profitability and attractiveness
D. Social and environmental factors

Reset Selection

Question 22 of 47 1 Points

What is the primary focus of a SWOT analysis in internal analysis?

A. Identifying external opportunities and threats
B. Evaluating an organization's internal strengths and weaknesses
C. Analyzing customer preferences
D. Assessing the competitive landscape

Reset Selection

Question 23 of 47 1 Points

Which of the following is NOT typically considered a component of the external environment in environmental scanning?

A. Organizational culture
B. Competitive factors
C. Industry-specific factors
D. Economic factors

Reset Selection

Question 24 of 47 1 Points

Which of the following is NOT one of the five competitive forces in Porter's Five Forces model?

A. Industry growth rate
B. Bargaining power of customers
C. Bargaining power of suppliers
D. Threat of new entrants

Reset Selection

Question 25 of 47 1 Points

In contrast to the industrial organization model, which of the following factors would be considered a key to organizational success in a resource-based model?