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Questions and Answers

What does the VRIN framework stand for?

  • Value, Rarity, Imitability, Non-substitutable (correct)
  • Value, Rarity, Integration, Network
  • Value, Reputation, Imitability, Non-substitutable
  • Value, Return, Imitability, Newness

What does "early-mover advantages" primarily rely on?

  • High switching costs
  • Legal restrictions
  • Fast access to superior inputs
  • Lower unit costs from learning curves (correct)

According to the Resource-Based View, capabilities are:

  • Tradable assets
  • Firm-specific non-transferable resource (correct)
  • Resources controlled by suppliers
  • Market conditions that affect profitability

What are the two types of location advantages mentioned in internationalization theory?

<p>Home Country and Host Country (B)</p> Signup and view all the answers

How do network effects create a competitive advantage?

<p>By making customers more loyal due to the product’s popularity (B)</p> Signup and view all the answers

What is the principal-agent problem in Agency Theory?

<p>Conflict between the principal’s and agent’s goals (B)</p> Signup and view all the answers

How does bounded reliability contribute to transaction costs?

<p>It increases transaction costs by requiring contracts, monitoring, and enforcement (B)</p> Signup and view all the answers

In Baron's 4 I’s framework, "Interests" refer to:

<p>The preferences and stakes of individuals or groups in a non-market issue (B)</p> Signup and view all the answers

What is the key difference between market strategy and non-market strategy?

<p>Market strategy focuses on competing within rules, while non-market strategy focuses on creating or changing rules. (A)</p> Signup and view all the answers

What does an information strategy in CPA involve?

<p>Providing government policymakers with information to influence decisions (C)</p> Signup and view all the answers

What is the role of stakeholders in CSR?

<p>Stakeholders influence a company’s CSR initiatives by demanding accountability and transparency. (A)</p> Signup and view all the answers

What role do NGOs and activists play in influencing a company's CSR strategy?

<p>They can pressure companies to adopt more responsible and sustainable practices (C)</p> Signup and view all the answers

Flashcards

Capital of France (example flashcard)

Paris

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