Question 1

If the Classic Car Club in the opening vignette for the chapter is unable to successfully franchise its operations in the U.S., this would be a very good example of the impact of causal ambiguity.

Accepted Answer

A) True 
 B)False

Question 2

In which of the following ways can a resource be used to create value?

Accepted Answer

A)   It can be used to lower costs while maintaining parity on product/service features.
B)   It can be used to add features while maintaining parity on costs and prices.
C)   It can be used to attract new customers while maintaining undiminished value for existing customers.
D)   All of the above are ways a resource can be used to create value.

Question 3

Describe (but don't merely list) the criteria that resources must meet to be considered extraordinary and the foundation for a sustainable competitive advantage.

Accepted Answer

There are five criteria that resources m...

Question 4

The founders of the Classic Car Club (CCC)  described in the opening vignette for chapter six recognized an opportunity to

Accepted Answer

A)   allow people to drive a variety of cars to which they would not ordinarily have easy access.
B)   eliminate the need for most people to own a car - a member could just use one of the Club's cars when a car is needed.
C)   increase the bargaining power of buyers of automobile insurance, thus lowering the average insurance rate for members.
D)   help members learn about the upkeep and maintenance of a variety of older cars.

Question 5

Which of the following is not one of the dimensions that comprises the VRIST characteristics of extraordinary resources?

Accepted Answer

A)   valuable
B)   rare
C)   instrumental
D)   tradable

Question 6

Ordinary resources are those that a firm need not necessarily possess to be in business but that provide an advantage to the firm if it does have them.

Accepted Answer

A) True 
 B)False

Exam 6: Resource-Based Competitive Advantage

In which of the following ways can a resource be used to create value?

Correct Answer
verified

If the Classic Car Club in the opening vignette for the chapter is unable to successfully franchise its operations in the U.S., this would be a very good example of the impact of causal ambiguity.

Correct Answer
verified

The founders of the Classic Car Club (CCC) described in the opening vignette for chapter six recognized an opportunity to

Correct Answer
verified

Which of the following is not one of the dimensions that comprises the VRIST characteristics of extraordinary resources?

Correct Answer
verified

Describe (but don't merely list) the criteria that resources must meet to be considered extraordinary and the foundation for a sustainable competitive advantage.

Correct Answer
verified
There are five criteria that resources m...
View Answer

Ordinary resources are those that a firm need not necessarily possess to be in business but that provide an advantage to the firm if it does have them.

Correct Answer
verified

Exam 6: Resource-Based Competitive Advantage

In which of the following ways can a resource be used to create value?

Correct AnswerverifiedShow Answer

If the Classic Car Club in the opening vignette for the chapter is unable to successfully franchise its operations in the U.S., this would be a very good example of the impact of causal ambiguity.

Correct AnswerverifiedShow Answer

The founders of the Classic Car Club (CCC) described in the opening vignette for chapter six recognized an opportunity to

Correct AnswerverifiedShow Answer

Which of the following is not one of the dimensions that comprises the VRIST characteristics of extraordinary resources?

Correct AnswerverifiedShow Answer

Describe (but don't merely list) the criteria that resources must meet to be considered extraordinary and the foundation for a sustainable competitive advantage.

Correct AnswerverifiedThere are five criteria that resources m...View AnswerShow Answer

Ordinary resources are those that a firm need not necessarily possess to be in business but that provide an advantage to the firm if it does have them.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
There are five criteria that resources m...
View Answer

Correct Answer
verified