GlenOak Corp

question 125

Multiple Choice

GlenOak Corp.is conducting an analysis to determine which strategies would best enable the firm to achieve above-average returns.How might the firm best make use of the different models available to select strategies and determine how to implement them?

• A) The firm should first focus on internal factors, using a resource-based model to acquire necessary assets and skills.
• B) The firm should first focus on external factors, using an I/O model to identify the firm's competitive advantage.
• C) If the firm should write a vision and mission, and then use the I/O or resource-based model that best aligns with those statements.
• D) The firm should use both the I/O model and the resource-based model to focus on factors outside and inside the firm at the same time.

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Definitions:

Supply Chains

Encompass the entire chain of production from the sourcing of raw materials to the delivery of the final product to the consumer.

Manufacturers

Companies or individuals that produce goods using raw materials or components, often on a large scale.

Distribution Intensity

The level of availability of a product in various outlets within a market, ranging from exclusive to intensive distribution.

Merchandise Flow

The process of moving products from the supplier to the warehouse and ultimately to the retail floor or customer, encompassing supply chain operations.