When thinking of competitive advantage,

scoring in the business world is measured by looking at what financial number?

What are the two “generic strategies” for

offering unique value?

External analysis sheds light on which

parts of SWOT?

Internal analysis sheds light on which

parts of SWOT?

Corporate strategy focuses on which of

the 4 strategic choices?

Who identified fives forces that shape

profit-making potential of the average firm in an industry?

Increased rivalry tends to squeeze profit

margins of most firms in an industry. (True/False)

Industries with relatively standardized

products generally experience less competition and rivalry. (True/False)

How does high growth in demand affect

rivalry?

How do low exit barriers affect rivalry?

When buyer price sensitivity is high,

buyers tend to exert pressure on suppliers to keep prices _____________.

If there are few sellers, but lots of

buyers, supplier bargaining power tends to be ______________.

Which ONE of the following explains why a

competitor would have a hard time competing with Facebook (used as an example

in the text)?

An industry is more attractive the lower

number of substitutes there are. (True/False)

The process it takes to transform raw

inputs into finished outputs is called the ________________.

What does VRIO stand for?

Competitive advantages arise when resources or capabilities

possess which two of the four VRIO attributes?

In our economic system, people show that

a product or services holds value by ___________.

In 2006, how did Disney finally defend

itself from Pixar’s cutting-edge CGA capabilities?