Distinctive Competencies and Internal Audit Quiz
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Questions and Answers

Which approach emphasizes the importance of internal resources for achieving competitive advantage?

  • Value Chain Analysis
  • Porter's Five Forces Model
  • Resource-Based View (RBV) Approach (correct)
  • SWOT Analysis

    • Which factor determines the value of a resource, as per the text?

  • Commonality
  • External Market Demand
  • Ease of Imitation
  • Scarcity (correct)

    • How does organizational culture impact planning activities, according to the text?

  • It has no influence on planning activities
  • It significantly affects planning activities (correct)
  • It primarily influences marketing strategies only
  • It only impacts human resource management

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