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111 - Top of page Review Test Submission Quiz 3 Content...

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Top of page Review Test Submission: Quiz 3 Content Xiangying Wu 9/25/09 6:12 PM Quiz 3 Completed 9 out of 10 points 0 hours, 21 minutes, and 25 seconds out of 0 hours and 45 minutes al Question 1 1 out of 1 points In an attempt to stop declining profitability, ICI, a British chemical company, deleted petrochemical products from its production and concentrated on specialty chemicals, a less capital-intensive, less cyclical business. If ICI is successful in making the needed changes, it will more than likely implement a ____ strategy. Answer Selected Answer: Correct Answer: Response Feedback: The retrenchment to return to a growth strategy. Question 2 1 out of 1 points There are four conditions that must be met if a firm's resources are to be used to achieve a sustainable competitive advantage. The resources must be valuable, rare, imperfectly imitable, and nonsubstitutable. Answer Selected Answer: Correct Answer: Question 3
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1 out of 1 points An organization that has ____ has the assets, capabilities, processes, information, and knowledge that an organization uses to improve its effectiveness and efficiency, to create and sustain competitive advantage, and to fulfill a need or solve a problem. Answer Selected Answer: Correct Answer: Response Feedback: Question 4 0 out of 1 points Industry-level strategy is a corporate strategy that addresses the question "How should we compete against a particular firm in our industry?" Answer Selected Answer: Correct Answer: Response Feedback: Industry-level strategy is a corporate strategy that addresses the question "How should we compete in this industry?" Question 5 1 out of 1 points Deutsche Bank became the world’s largest bank through mergers with Bankers Trust, a transatlantic banking operation. Since both banking companies had similar core capabilities, this would be classified as an example of ____. Answer Selected Answer: Correct Answer: Question 6 1 out of 1 points The first step in the strategy-making process is to ____. Answer Selected Answer: Correct Answer: Response Feedback:
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Question 7 1 out of 1 points Imagine Dow Chemical is conducting a situational analysis. According to its sales, Dow is the second largest chemical company in the world. BASF is the largest. Both companies use a similar strategy. Within Dow's situational analysis, BASF would be classified as a ____. Answer Selected Answer: Correct Answer: Response Feedback: Core firms the company’s most direct competitors. Question 8 1 out of 1 points Hohner is a company that manufactures and markets harmonicas, a product with a steady demand rate. It is so successful at what it does that the company controls 85 percent of the world's harmonica industry. In terms of the adaptive strategies, Hohner would most likely be categorized as a(n) ____.
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