MGT 302 MGT302 CHAPTER 3 QUIZ ANSWERS | UNC GREENSBORO

MGT 302 MGT302 CHAPTER 3 QUIZ ANSWERS | UNC GREENSBORO

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MGT 302 Chapter 3 Quiz Answers (UNC Greensboro)
1. Causal ambiguity is the difficulty of identifying the causal determinants of successful firm performance.
2. Tacit knowledge is probably the most ____ resource. 
3. Examining whether a firm has resources and capabilities to perform a particular activity in a manner superior to competitors is known as ____ in SWOT analysis. 
4. Valuable, rare, but imitable resources/capabilities may provide temporary competitive advantage. 
5. Taking advantage of strengths embodied in resources/capabilities and overcoming weaknesses deals with which fundamental question? 
6.  Industry is destiny. No firms do well in structurally unattractive industry.
7. Which one of the following is true for cost leadership?  

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