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Test Bank for Strategic Management Frank T. Rothaermel 2E

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Student: 1. Keeping in mind Apple's competitive advantage, which of the following products was introduced by Apple in 2007? A. iPa d B. iPhon e C. iPo d D. iTune s 2. is best described... as an integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage. A. Supply chain management B. Integrated technology management C. Strategic management D. Inventory management 3. is best described as a set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors. A. Behavior modification B. Strateg y C. Cred o D. Competency management 4. Which of the following stages of the strategic management process involves an evaluation of a firm's external and internal environments? A. Strategy analysis B. Strategy implementation C. Strategy formulation D. Strategy control 5. In , a firm frames a guiding policy to address the competitive challenge. A. strategy control B. strategy implementation C. strategy formulation D. strategy analysis 6. Through , a firm puts its guiding policy into practice by employing a set of coherent actions. A. strategy control B. strategy implementation C. strategy formulation D. strategy analysis 7. A firm that achieves superior performance relative to other firms in the same industry or the industry average has a(n) . A. competitive advantage B. balanced scorecard C. power position D. equity leverage 8. Cadia Foods Inc. was the first company to start selling energy drinks in its country—a product that gained popularity among diverse groups. Soon, other companies started to sell their own brands of energy drinks, thereby giving Cadia Foods ample competition. In response, Cadia Foods decided to limit its variety of energy drinks to only two. However, it ensured that these two flavors were free of calories and low in cost. With this innovation, Cadia Foods Inc. consistently outperformed its competitors for ten years. In this scenario, Cadia Foods Inc. has maintained a through its innovative strategy. A. balanced scorecard B. fiduciary responsibility C. consistent power position D. sustainable competitive advantage 9. Which of the following scenarios illustrates a firm that has a sustainable competitive advantage? .................................................................................................continued............................................................................................. [Show More]

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