Question

19 The more similar the products that are produced in an industry, the more likely the...

19

The more similar the products that are produced in an industry, the more likely the industry has lower overall profitability

T or F

20

When making strategic decisions, firms should make decisions to leave as many options as possible open to pursue in the future

T or F

21.

A major weakness of using shareholder value as a measure of whether a firm has a sustainable competitive advantage is that investors in sock markets sometimes act irrationally in their stock purchases and sales.

T or F

24.

Resources in general need to be “sticky”, hard to move from firm to firm – if resources are to be a significant and common source of durable competitive advantage for firms

T or F

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Answer #1

19.The more similar the products that are produced in an industry, the more likely the industry has lower overall profitability

T

20. When making strategic decisions, firms should make decisions to leave as many options as possible open to pursue in the future

F

21.A major weakness of using shareholder value as a measure of whether a firm has a sustainable competitive advantage is that investors in sock markets sometimes act irrationally in their stock purchases and sales.

F

24.Resources in general need to be “sticky”, hard to move from firm to firm – if resources are to be a significant and common source of durable competitive advantage for firms

T

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