Sustainable competitive advantage is only achieved when a firm is able to prevent its competitors from easily duplicating its portfolio of products and services.
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Billboards or outdoor advertising is usually the first form of advertising cut from the budget.
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Which of the following is not a way to improve your ability to estimate possible scenarios and their probabilities?
a. identifying the events that will impact the firm
b. understanding the cause and effect relationship
c. defining the domain of the firm
d. limiting the domain of the firm to the industry segment
Configuration refers to the actual spatial arrangements that exist in an organization and affect not only the transactions between workers and customers, but also entire divisions within the firm.
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Call your host for details. Romero claims that this is a great tactic. Hosts should allow clients the opportunity to call on their time schedule, not the other way around.
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Which of the following is not a way for firms to exert power over the environment in which they conduct business?
a. trade association activity
b. strategic alliances
c. restraint of trade practices
d. lobbying government officials
e. all of the above
Formalization refers to the hierarchical relationships that define the lines of communication, responsibility and authority throughout the firm.
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The sales promotion is a reminder designed to quickly get the casino's name out to groups of people. This is a short-term strategy.
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Which is not a subcategory under task environment?
a. transportation
b. customer
c. supplier
d. competitor
e. regulator
Within the dimension of firm structure, complexity refers to the number of rules and regulations the firm has.
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