Relationship in core competence-core products-end products

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Reference no: EM132256983

1. What is the relationship between core competence, core products, and end products?

a. core products are the tangible link between visible core competences and invisible end products

b. core products are the tangible link between invisible core competence and end products

c. core competences are invisible, whereas core products and end products are visible

d. core competences are visible, whereas core products and end products are invisible

2. How is the corporate approach of "brand dominance" different from that of core competence?

a. Brand dominance is more visible, but contributes little to enabling the corporation to be more adaptive

b. Brand dominance is more visible, but core competences better contribute to growth

c. Developing core competences helps a company to grow faster than chasing brand dominance

d. Developing core competences makes a company more competitive than chasing brand dominance.

3. From the reading "The Resource-Based Theory of Competitive Advantage: Implications for Strategy Formulation" by Robert M. Grant.

Grant argued that a firm's resource position is key to successfully establishing a market position because:

a. a firm must have the right type of resources to adequately support its market position.

b. a firm must have an adequate amount of resources to successfully support its market position.

c. a firm must have the right type of resources to maximize its market position.

d. a firm must have an adequate amount of resources to maximize its market position.

4. From the reading "The Resource-Based Theory of Competitive Advantage: Implications for Strategy Formulation" by Robert M. Grant.

Grant cited what evidence to support his argument for the usefulness of a Resource-Based approach to strategy analysis?

a. Profit varies more within industries than between industries

b. Profit varies more between industries than within industries

c. Growth varies more within industries than between industries

d. Growth varies more between industries than within industries

Reference no: EM132256983

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