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WPC 480 Midterm Questions with 100% Correct Answers | Latest Version 2024 | Verified

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WPC 480 Midterm Questions with 100% Correct Answers | Latest Version 2024 | Verified The relative bargaining power of suppliers is high when incumbent firms face low switching costs when changing ... suppliers. A. True B. False - ✔✔False According to the internal value chain analysis, which of the following is a primary activity? A. Research and Development B. Supply Chain Mgt C. Accounting D. Human Resources - ✔✔Supply Chain Mgt _______________________ is best described as the difference between the value a consumer attaches to a good and the cost to provide the good. A. Profit B. Economic Value Created C. Consumer's Surplus D. Producer's Surplus - ✔✔Economic Value Created Onivo Auto Inc. has been the leader in low-cost and fuel-efficient engine technology for many years. It has been able to sustain its competitive advantage primarily because of its highly efficient automobile engines, which competitors have been unable to develop or buy at a reasonable price. In the context of the VRIO framework, which of the following resource attributes most likely underpins Onivo's competitive advantage?A. The resource is easy to replicate. B. The resource is costly to imitate. C. The resource neutralizes external opportunities - ✔✔The resource is costly to imitate. Which is a source of increasing customers' willingness to pay? A. Common Product Feature B. Learning Curve Effect C. Poor Customer Service D. Existence of Great Compliments - ✔✔Existence of Great Compliments Which of the following is not true about the business-level strategy of Walmart? A. Walmart has been pursuing cost leadership strategy. B. Walmart charges lower price for national brand goods, increasing consumers' surplus. C. Heavy investment in smart IT systems is not consistent with Walmart's overall strategic position. D. Real-time EDI with suppliers helped Walmart lower inventory management cost. - ✔✔Heavy investment in smart IT systems is not consistent with Walmart's overall strategic position [Show More]

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