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Multiple Choice Quiz
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1
____ movers take risks in anticipation of high returns.
A)First
B)Second
C)Third
D)Late
2
_____ movers incur high development costs.
A)First
B)Second
C)Third
D)Late
3
Quick strategic moves that remake ______ and do not elicit adequate responses from rivals are crucial for success.
A)corporate strategies
B)business strategies
C)business models
D)value chains
4
The ability to achieve new resource configurations is a _______.
A)core competence
B)dynamic capability
C)distinctive competence
D)capability
5
One of the obstacles to quick action for a company is
A)competitor’s actions
B)prior strategic commitments
C)industry structure
D)wrong strategy
6
Chess is an example of a _____ game.
A)simultaneous
B)sequential
C)concurrent
D)concordant
7
____ emphasizes the importance of considering the timing of the moves of one’s competitors with the timing of one’s own moves.
A)Vision
B)Game theory
C)Mission
D)Value chain
8
Superior advantage in a ____ position comes from managing critical _____ well.
A)differentiated, cost drivers
B)differentiated, value drivers
C)low-cost, value drivers
D)low-cost, cost drivers





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