CIMAPRA19-E02-1 Exam - Topic 7 Question 61 Discussion

Actual exam question for CIMA's CIMAPRA19-E02-1 exam

Question #: 61
Topic #: 7

The means by which competitive advantage might be gained differs, depending on whether a resource based approach or a positioning approach is adopted.

Which of the following options characterises the resource based approach?

Select ALL that apply:

ASuperior profitability depends on the firm's possession of unique resources.

BSuper normal profits result from either cost leadership, differentiation or focus.

CCompetitive advantage derives from a firm's position in relation to its competitors, customers and stakeholders.

DCompetitive advantage stems from some valuable asset or competence possessed by the firm.

EOrganisations need to ensure they are continually monitoring the market place to make sure that their core competences are still valid.

Show Suggested Answer

Suggested Answer: A, D, E

by Erick at Nov 21, 2022, 12:50 AM

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Selma

4 months ago

Totally agree with D, valuable assets are key!

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Fernanda

4 months ago

Wait, are we sure about A? Unique resources aren't everything.

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Edda

4 months ago

B and C seem more about positioning, not resources.

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Yuki

4 months ago

I think E is also important for staying relevant!

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Trinidad

4 months ago

A and D definitely fit the resource based approach.

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Corinne

5 months ago

E seems relevant too, but I wonder if it's more about maintaining a competitive edge rather than defining the resource-based approach itself.

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Kanisha

5 months ago

I'm a bit uncertain about C; it sounds like it relates more to the positioning approach than the resource-based one.

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Isaiah

5 months ago

I remember practicing a question similar to this, and I think D is right since competitive advantage often comes from valuable assets.

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Brigette

5 months ago

I think option A makes sense because unique resources definitely give a firm an edge, but I'm not entirely sure if it's the only factor.

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Lorita

5 months ago

Okay, let's think this through. The key seems to be explaining how rolling wave planning helps avoid wasting time and resources on requirements that may never be used.

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Merilyn

5 months ago

This is a tricky one, but I think I can figure it out if I focus on the key details about the states.

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Royal

5 months ago

I think it's option C. Just copy the extension folder directly into app/code and you're good to go.

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Mari

5 months ago

I feel confident that the answer is D. The link layer is responsible for local delivery of frames between nodes on the same link, which is exactly what the question is asking about.

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