Business Strategy and Resources Quiz
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Questions and Answers

What is a key indicator that a company's strategy is working effectively?

  • Decreased market standing
  • Gains in financial strength and profitability (correct)
  • Declining customer acquisition rates
  • Stable stock price

    • Which of the following is considered an intangible resource of a company?

  • Workstations
  • Human capital (correct)
  • Financial resources
  • Technological resources

    • The VRIN test is used to assess a company's resources and capabilities for which purpose?

  • Evaluating sustainable competitive advantage (correct)
  • Determining product pricing strategy
  • Analyzing customer satisfaction rates
  • Establishing employee performance metrics

    • Which of the following best describes capabilities in a business context?

    <p>The capacity to perform internal activities competitively</p> Signup and view all the answers

    What would indicate a company's competitive strengths are improving?

    <p>Increase in customer satisfaction and brand reputation</p> Signup and view all the answers

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