To Successfully Imitate the Strategy of Another Firm, an Organization

question 10

Multiple Choice

To successfully imitate the strategy of another firm, an organization must

• A)identify and diagnose the rival's advantage, believe in its ability to deliver a superior return, and, finally, acquire the resource.
• B)identify and diagnose the rival's advantage, and then acquire the resource.
• C)benchmark the rival's activities and resources, believe in a superior return, and build the rival's resource in-house.
• D)benchmark the rival's activities and resources, identify the rival's weaknesses, and, finally, believe in its ability to deliver a superior return.

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Definitions:

Consolidated Financial Statements

Financial reports that combine the financial results of a parent company and its subsidiaries into a single statement, showing the overall financial health of the group.

Inventory

Assets held for sale in the ordinary course of business, or materials and supplies that are used in the production process to manufacture goods.

Customer List

A record or database containing information about a business's customers, including their contact information, purchase history, and preferences.

Impairment Losses

Financial losses recognized when the carrying amount of an asset exceeds its recoverable amount.