{"id":115591,"date":"2023-08-24T12:36:17","date_gmt":"2023-08-24T12:36:17","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=115591"},"modified":"2023-08-24T12:36:19","modified_gmt":"2023-08-24T12:36:19","slug":"test-bank-for-strategic-management-concepts-competitiveness-and-globalization-12th-edition-hitt-all-chapters-1-13-full-complete-2023-2","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2023\/08\/24\/test-bank-for-strategic-management-concepts-competitiveness-and-globalization-12th-edition-hitt-all-chapters-1-13-full-complete-2023-2\/","title":{"rendered":"Test Bank for Strategic Management Concepts Competitiveness and Globalization 12th Edition Hitt \/ All Chapters 1 – 13 \/ Full Complete 2023"},"content":{"rendered":"\n

Strategic Management Concepts Competitiveness and
Globalization 12th Edition Hitt Test Bank
Chapter 01 Strategic Management and Strategic
Competitiveness
TRUEFALSE<\/p>\n\n\n\n

    \n
  1. Strategic competitiveness is achieved when a firm successfully formulates and implements a
    value-creating strategy.
    (A) True
    (B) False
    Answer : (A)<\/li>\n\n\n\n
  2. Alligator Enterprises has earned above-average returns since its founding five years ago. No other
    firm has challenged Alligator in its particular market niche; therefore, the firm’s owners can feel
    secure that Alligator has established a competitive advantage.
    (A) True
    (B) False
    Answer : (B)<\/li>\n\n\n\n
  3. The goal of strategy implementation is to develop a permanent competitive advantage.
    (A) True
    (B) False
    Answer : (B)<\/li>\n\n\n\n
  4. Risk in terms of financial returns reflects an investor’s uncertainty about economic gains or losses
    that will result from a particular investment.
    (A) True
    (B) False
    Answer : (A)<\/li>\n\n\n\n
  5. Average returns are those in excess of what an investor expects to earn from other investments
    with a similar amount of risk.
    (A) True<\/li>\n<\/ol>\n\n\n\n

    (B) False
    Answer : (B)<\/p>\n\n\n\n

      \n
    1. Above average returns are those in excess of what an investor expects to earn from other
      investments with similar stock prices.
      (A) True
      (B) False
      Answer : (A)<\/li>\n\n\n\n
    2. Returns can only be measured in accounting terms such as return on assets, return on equity, or
      return on sales.
      (A) True
      (B) False
      Answer : (B)<\/li>\n\n\n\n
    3. To implement a firm’s strategies, the firm takes actions to with the goal of achieving strategic
      competitiveness and above average returns.
      (A) True
      (B) False
      Answer : (A)<\/li>\n\n\n\n
    4. Economies of scale and huge advertising budgets are just as effective in the new competitive
      landscape as they were in the past.
      (A) True
      (B) False
      Answer : (B)<\/li>\n\n\n\n
    5. The two primary drivers of hypercompetition are the emergence of the global economy and
      technology.
      (A) True
      (B) False
      Answer : (A)<\/li>\n\n\n\n
    6. The rate of technology diffusion has been steadily increasing over the last two decades.<\/li>\n<\/ol>\n\n\n\n

      (A) True
      (B) False
      Answer : (A)<\/p>\n\n\n\n

        \n
      1. While patents may be an effective way of protecting proprietary technology, many firms
        competing in the electronics industry do not apply for patents to prevent competitors from utilizing
        the technological knowledge that would be included in the patent application.
        (A) True
        (B) False
        Answer : (A)<\/li>\n\n\n\n
      2. Examples of incremental innovations include iPods, PDAs, Wi-Fi, and web browser software.
        (A) True
        (B) False
        Answer : (B)<\/li>\n\n\n\n
      3. The rapid rate of technological diffusion has increased the competitive benefits of patents.
        (A) True
        (B) False
        Answer : (B)<\/li>\n\n\n\n
      4. Developed countries still have major advantages in their access to information technology when
        compared to emerging economies because of the significant cost of the infrastructure needed for
        computing power.
        (A) True
        (B) False
        Answer : (B)<\/li>\n\n\n\n
      5. The rate of growth of Internet-based applications could be affected by strategies of Internet
        service providers charging users for downloading those applications.
        (A) True
        (B) False<\/li>\n<\/ol>\n\n\n\n

        Answer : (A)<\/p>\n\n\n\n

          \n
        1. The new CEO of Opacity Enterprises is determined to make the long-established firm
          strategically flexible. The CEO feels that the employees of the company have the ability, training,
          and resources to engage in continuous learning. The CEO must encourage ambidextrous learning,
          absorbing new knowledge and building incremental knowledge.
          (A) True
          (B) False
          Answer : (A)<\/li>\n\n\n\n
        2. The I\/O (industrial organization) model assumes that the uniqueness of a firm’s resources and
          capabilities is the main source of above-average returns.
          (A) True
          (B) False
          Answer : (B)<\/li>\n\n\n\n
        3. The CEO of Twin Spires, Inc., is committed to using the expertise and resources currently in the
          firm to serve the needs of the natural gardening community by providing rare and native plants to
          individuals and nurseries around the United States. The perspective of the CEO of Twin Spires is
          consistent with the assumptions of the industrial organization (I\/O) model.
          (A) True
          (B) False
          Answer : (B)<\/li>\n\n\n\n
        4. The five forces model suggests that firms should target the industry with the highest potential
          for above-average returns and then implement either a cost-leadership strategy or a differentiation
          strategy.
          (A) True
          (B) False
          Answer : (A)<\/li>\n\n\n\n
        5. The uniqueness of a firm’s resources and capabilities is the basis for a firm’s strategy and
          determines its ability to earn above-average returns under the I\/O view.
          (A) True
          (B) False<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

          Strategic Management Concepts Competitiveness andGlobalization 12th Edition Hitt Test BankChapter 01 Strategic Management and StrategicCompetitivenessTRUEFALSE (B) FalseAnswer : (B) (A) True(B) FalseAnswer : (A) Answer : (A)<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-115591","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/115591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=115591"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/115591\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=115591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=115591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=115591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}