Answer:
The correct answer is D
Explanation:
Diversified company is the company which is diversified in nature, means that type or kind of company or business which has multiple number of unrelated products and businesses.
And unrelated businesses is defined as those businesses which need or require the unique expertise of management and will have different end consumers.
The hierarchy which is strategy making for the diversified company comprise of the corporate strategy, functional strategy, operating strategy as well as business strategies.
Answer:
a. VRIN test, which asks if a resource is valuable, rare, inimitable, and non-substitutable.
Explanation:
Applying Barney's (1991) VRIN framework can determine if a resource is a source of competitive power. To serve as a basis for sustainable competitive advantage, resources must be:
valuable: meaning that they must be a source of greater value, in terms of relative costs and benefits, than similar resources in competing firms. When resources are able to bring value to the firm they can be a source of competitive power.
rare: rareness implies that the resource must be rare in the sense that it is scarce relative to demand for its use or what it produces. Resources have to deliver a unique strategy to provide a competitive advantage to the firm as compared to the competing firms. Consider the case where a resource is valuable but it exists in the competitor firms as well. Such a resource is not rare to provide competitive power.
inimitable: it is difficult to imitate. Resources can be sources of sustained competitive power if competing firms cannot obtain them. Consider the case where a resource is valuable and rare but the competing organizations can copy them easily. Such resources also cannot be sources of competitive power.
non-substitutable: other different types of resources cannot be functional substitutes. Resources should not be able to be replaced by any other strategically equivalent valuable resources. If two resources can be utilized separately to implement the same strategy then they are strategically equivalent. Such resources are substitutable and so are not sources of sustained competitive power.
The criteria of the VRIN Framework clearly rules out best practices as a source of competitive advantage. If other firms can easily understand and copy a capability, it is not a source of competitive power.
Answer:
B. Assorting
Explanation:
Assorting is defined as the term in which the sorting is done on the basis of the kind or classification of the product or the service etc.
This term can also be used for arranging or distributing the product or the service based on the category of the product or the service.
Now, here in the given question the wal-mart sorts the products required by the stores from the large variety available and then distributing it.
