Question 1 1.5 / 1.5 points
Which of the following accurately defines a firm’s
values
? Select one.
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Question 2 1.5 / 1.5 points
Which of the following statements is true about customer needs?
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Question 3 0 / 1.5 points
Which of the following can be categorized as a market risk associated with entering a new foreign, non-US market? Select all that
apply.
Question 4 1.5 / 1.5 points
Which of the following statements best describes a firm’s
priorities
? Select one.
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Question 5 1.5 / 1.5 points
True or false: The shared actions, values, and beliefs in an organization that guide the behavior of its members are collectively called
organizational culture
.
True
False
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Question 6 1.5 / 1.5 points
All assets, capabilities, organizational processes, firm attributes, information, knowledge, and so on controlled by a firm that enable the
firm to conceive of and implement strategies that improve its efficiency and effectiveness are called which of the following? Select one.
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Question 7 1.5 / 1.5 points
Research finds that most organizational cultures are identical to one another.
True
False
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Question 8 1.5 / 1.5 points
LittleHut Inc., an international food company, has several resources to its credit. Over the years, the company has acquired factories,
machinery, in-depth knowledge, and a stable reputation. The elements mentioned in this scenario can be best categorized as which of
the following? Select one.
They refer to factors of production that create economic value for the firm when employed.
They refer to its leaders’ beliefs about what is right and wrong, good and bad, desirable and undesirable.
They refer to procedures, processes, and routines that continuously expand existing resources or improve operating capabilities.
They refer to a firm’s ranking of what is most important.
Companies that meet the need for communication by manufacturing mobile handsets or mobile ham radios are considered part of
the same industry.
They should be addressed only when many customers have similar needs that require attention.
Understanding them can be very helpful in defining the boundaries of an industry.
Two firms cannot be considered part of the same industry even if their products do the same job for customers.
The distribution process being different from that in the United States
The currencies of countries fluctuating significantly when compared to the U.S. dollar
The local government requiring a certain percentage of managers to be locals
The local government introducing tariffs on foreign products
They explain why firms allocate critical resources to achieve key objectives.
They represent how firms do things.
They depict the production processes a firm uses.
They refer to what a firm employs to create value and competitive advantage.
Priorities
Capabilities
Functions
Resources
Personnel
Assets
Equipment
Capabilities
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