19 The more similar the products that are produced in an industry, the more like
ID: 339166 • Letter: 1
Question
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
Explanation / Answer
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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