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CA Inter Resource-Based View — practice questions — page 2

Explore 54 free Resource-Based View questions in CA Inter Strategic Management. Open each question or exercise to read its content, reference answers and available explanation.

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Resource-Based View questions and exercises with answers

Showing questions 31–54 of 54.

The chain of activities gives a product value that isRead the answer and worked solution →What do support activities do for primary activities?Read the answer and worked solution →Porter's term for the linked chains of suppliers, firm, channels and buyers is theRead the answer and worked solution →The virtual value chain was created byRead the answer and worked solution →Multinationals offshore labour-intensive work to places whereRead the answer and worked solution →Cheaper outbound logistics lets a firm earn more profit orRead the answer and worked solution →SCOR, the supply chain reference model, stands forRead the answer and worked solution →In SWOT, strengths and weaknesses are usually treated asRead the answer and worked solution →The match between internal strengths and external opportunities is calledRead the answer and worked solution →The SO strategy in a SWOT matrix is described asRead the answer and worked solution →The WT strategy aims toRead the answer and worked solution →The ST strategy aims to maximise strengths andRead the answer and worked solution →Strong links between strengths and opportunities suggest which strategy?Read the answer and worked solution →Strong links between weaknesses and threats warn that a firm should adoptRead the answer and worked solution →Which pair wrote the 1997 critique of SWOT practice?Read the answer and worked solution →SWOT analysis is best seen as aRead the answer and worked solution →SOAR as an alternative to SWOT stands for strengths, opportunities,Read the answer and worked solution →SOAR is inspired byRead the answer and worked solution →SVOR stands for strengths, opportunities, risks andRead the answer and worked solution →SWOT is often used alongside which environmental scanning framework?Read the answer and worked solution →A criticism of RBV is that finding a resource meeting all VRIN criteria isRead the answer and worked solution →RBV says management's key task is to organise resources forRead the answer and worked solution →Value chain analysis examines how activities contribute to customer value andRead the answer and worked solution →Summing value added at every link of an industry chain yieldsRead the answer and worked solution →

Worked practice questions

The chain of activities gives a product value that is

  1. Unrelated to activities
  2. Equal to production cost
  3. Less than any one activity
  4. More than sum of parts
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Correct answer: D. More than sum of parts

The combined chain adds more value than the sum of the values added by each separate activity.

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What do support activities do for primary activities?

  1. Improve their efficiency
  2. Remove all rivals
  3. Replace the activities
  4. Reduce their taxes
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Correct answer: A. Improve their efficiency

Improving a support activity helps at least one primary activity work more efficiently.

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Porter's term for the linked chains of suppliers, firm, channels and buyers is the

  1. Value system
  2. Virtual chain
  3. Industry grid
  4. Supply ring
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Correct answer: A. Value system

The larger interconnected system of value chains from suppliers to buyers is called the value system.

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How to practise

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More Strategic Management topics

Strategic ChoicesStrategic Analysis: External EnvironmentStrategic ManagementStrategy Implementation