225) If you were thinking about a home theater system, which of the following represents the process?
A) the DVD player, DVD movie, speakers, TV, and electricity
B) playing the movie, including the audio through the speakers and the video on the TV
C) a message stating that the disk is dirty and cannot be played
D) spinning the disk to play, pause, rewind, or fast forward
226) If you were thinking about a home theater system, which of the following represents the feedback?
A) the DVD player, DVD movie, speakers, TV, and electricity
B) playing the movie, including the audio through the speakers and the video on the TV
C) a message stating that the disk is dirty and cannot be played
D) spinning the disk to play, pause, rewind, or fast forward
227) Which of the following is not a typical way that a company would duplicate a competitive advantage?
A) acquiring the new technology
B) copying the business operations
C) hiring away key employees
D) carrying large product inventories
228) When a company is the first to market with a competitive advantage, this is called a first-mover advantage. All of the following companies were first-movers except
A) FedEx—Online Self-Service Software.
B) Apple—iPad.
C) Apple—iPod.
D) Microsoft—Bing Search Engine.
229) Which of the following is a tool a manager can use to analyze competitive intelligence and identify competitive advantages?
A) the three generic strategies
B) the threat of substitute buyer power
C) differentiated costs
D) supplier loyalty
230) Identifying competitive advantages can be difficult, which explains why they are typically
A) temporary.
B) satisfactory.
C) terminated.
D) unsuccessful.
231) Updating business strategies is a continuous undertaking as internal and external environments
A) become less competitive.
B) remains stagnant.
C) rapidly changes.
D) become more consistent.
232) Which of the following represents a reason why competitive advantages are typically temporary?
A) The competitor will hire away your key employees.
B) The competitor quickly seeks ways to duplicate your business operations.