Question: Which of the following is not one of the five questions that comprise the task of evaluating a company’s competitive strength and cost structure?

Answer: What are the company’s most and least profitable geographic segments?

Question: the firm’s competitive assets, which are considered big determinants of its competitiveness and ability to succeed in the marketplace.

Answer: A company’s resources and capabilities represent

Question: The common types of valuable resources and competitive capabilities that management should consider when crafting a strategy do not include

Answer: market share, profit growth, and increase in stock price

Question: The competitive power of a company resource depends on

Answer: whether the resource is really competitively valuable, if it is rare and something competitors lack, how hard it is to copy or imitate, and how easily it can be trumped by the substitute resource strengths and competitive capabilities of rivals

Question: Which of the following is not an example of a company’s dynamic capability?

Answer: Petsmart’s ability to remain a brick and mortor

Question: A first-rate SWOT analysis

Answer: provides a good basis for crafting strategy

Question: The external market opportunities that are most relevant to a company are the ones that

Answer: match up well with the firm’s financial resources and competitive capabilities, offer the best growth and profitability, and present the most potential for competitive advantage.

Question: Which of the following is not a market opportunity most relevant to a particular company?

Answer: Likely entry of potent new competitors

Question: Two analytical tools useful in determining whether a company’s prices and costs are competitive are

Answer: Value chain and bench marking

Question: A company’s value chain identifies

Answer: the primary activities that create customer value and related support activities