Erik is the president and owner of Watch Out, a local website development company that helps clients create and build unique websites. Many of his daily tasks are heavily technical in nature and require a high level of computer programming and Internet knowledge. Which of the following would Erik primarily use when performing his daily tasks?
A. Source code
B. Brick-and-mortar
C. Information reach
D. Explicit knowledge
A. Source code
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Based on the VRIO framework, which of the following start-up companies has the least potential to have a competitive advantage, to be profitable, and to grow?
A. a cat-sitting service, where you take care of people's cats when they are on vacation; you decide to advertise your services on Craigslist and the local newspaper B. a "companionship" service for elderly people who live alone because their children are busy working full-time jobs; working adults say such a service would be extremely valuable C. the only farm within a 100-mile radius that offers its customers organic beef and organic dairy products such as eggs and milk; no other local company offers these products D. a portrait-painting service by a talented artist who is known for his ability to make all men look handsome and all women look beautiful; very few other artists in the local area have this talent E. an enrichment program for children that hires talented people and sends each of them to a different school each day of the week; a web-based app helps the manager keep track of all the employees' schedules and locations
Which of the following is exclusive to a production-oriented company?
A) Balance sheet B) Statement of cash flows C) Income statement D) Statement of cost of goods manufactured
A glitzy shopping mall, a mail-order catalog, a television shopping network, and an e-commerce Web site are all examples of ________
A) marketing concepts B) value chains C) monopolies D) marketplaces E) strategic business units
Which belief below, associated with psychological empowerment, is a person’s belief in his or her ability to perform work tasks successfully?
a. Meaningfulness b. Self-determination c. Competence d. Impact