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.

---

Definitions:

Operating Activities

Operating activities involve the day-to-day functions of a business directly related to its provision of goods and services.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue.

Cash Dividends

The distribution of profits by a corporation to its shareholders in the form of cash.

Statement of Cash Flows

A financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents, dividing activities into operating, investing, and financing activities.