A Company That Lacks a Stand-Alone Resource That Is Competitively

question 102

Multiple Choice

A company that lacks a stand-alone resource that is competitively powerful may attempt to develop a competitive advantage through

• A)improved employee training programs, new marketing promotions, or technological enhancements to production processes.
• B)the development of a new business strategy that draws upon existing resource strengths.
• C)extensive strategic planning and resource identification sessions involving managers at all levels of the organization.
• D)bundled resources that enable superior performance of cross-functional capabilities that can be leveraged to support its business model and strategy.
• E)devising clever approaches to turning resource weaknesses into resource strengths.

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Definitions:

Process Manufacturers

Companies that produce goods in bulk by combining ingredients or raw materials through a sequence of measured steps.

Continuous Flow

A production process that operates without any interruptions, producing goods at a constant rate.

Weighted-Average Method

This is a cost accounting method that calculates inventory cost by taking the weighted average of all units available for sale during the accounting period.

Work in Process Inventory

The value of goods in various stages of production but not yet completed; includes materials, labor, and overhead costs incurred so far.