A resource can be extremely difficult to imitate

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Reference no: EM132171124

1. Which of the following would be an example of a tacit resource?

An oddsmaker who works for a large casino in Las Vegas and is correct 95 percent of the time

A distiller used to make malt liquor

Chipset manufacturing machine bought by an electronics company

Hand-woven fabrics made by local shops

2. According to Porter's five-force model, if a buyer can threaten to backward vertically integrate, it will:

increase the buyer's bargaining power.

increase the supplier's bargaining power.

decrease the buyer's bargaining power.

lower the threat of entry into the industry.

3. According to Michael Porter's model of a value chain, which of the following is a support activity?

Outbound logistics

Accounting activities

Marketing

Inbound logistics

4. A resource can be extremely difficult to imitate if:

it arises through the complex interaction of multiple people.

it is not path dependent.

it is clear how the resource gives rise to value.

it can be readily codified in written form.

5. Socially complex resources are:

resources that require public sanction in order to be utilized for profit-making purposes.

resources that are shared by different parties thereby making them easily imitable.

resources or activities that emerge through the interaction of multiple individuals.

resources that cannot be defined in terms of a numerical value.

Reference no: EM132171124

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