In Jay Barney’s model, VRIO stands for which four concepts?
a. Variability, Returns, Industry, Operations
b. Valuable, Rare, Imitate, Organized
c. Valuable, Returns, Industry, Organized
d. Variability, Rare, Imitate, Operations
Ans: B
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If a potential vendor offers what is perceived by a member of the buying center to be a better buy, the company may want to revisit the purchase decision. This type of situation is typically a:
A) straight rebuy B) modified rebuy C) new task purchase D) joint demand purchase
Which of the following is NOT a qualitative factor that should be considered when determining the sample size?
A) the importance of the decision B) the nature of the research C) incidence rates D) the number of variables E) All of the selections are qualitative factors that should be considered when determining the sample size.
According to van Marrewijk’s study, the lesson for M&A’s is:
a. Getting the right deal at the negotiating stage is crucial b. Managing the integration of IT systems is crucial c. Managing the clash of cultures is crucial d. Integrating the two organizational cultures destroys the very reason for the strategic decision to merge in the first place
Random variations are movements that are not predictable and follow no pattern
Indicate whether this statement is true or false.