True, 

this means that the firm is

adopting a focused strategy

False, a firm can

only deploy one strategy

True, this means that the firm is attempting to gain a dual advantage.

Focusing on one industry segments

Remaining consistently different over time

True

False

True, according

to the resource-based view

True, according to

the industrial organizations model

True, 

according to the value

chain analysis

False, 

resources cannot be

heterogeneous

F

alse, resource

heterogeneity amongst firm do not create profit differences

True

False

Explicit

Tangible

Human

Random

None of the above

Firms use PFF to identify the attractiveness of an industry

PFF enables managers to

identify firm-level risk and returns

PFF suggests that

competitiveness of a firm is determined by 5 key forces

More than one of the above

Increased

alcoholism amongst the elderly

Decreased use

of consumer disposable income due to higher taxation

The rise of

religious-based decision making in markets

Consumerism as a

result of increased social media use

Heightened awareness of

animal abuse leading to veganism

Corporate Strategy is about how to compete whereas Business Strategy is about where to compete

Corporate Strategy is about where to compete whereas Business Strategy is about how to compete