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

False, a firm can

only deploy one strategy

True, 

this means that the firm is

adopting a focused strategy

Remaining consistently different over time

Focusing on one industry segments

True

False

False, 

resources cannot be

heterogeneous

F

alse, resource

heterogeneity amongst firm do not create profit differences

True, 

according to the value

chain analysis

True, according

to the resource-based view

True, according to

the industrial organizations model

True

False

None of the above

Random

Tangible

Human

Explicit

More than one of the above

PFF suggests that

competitiveness of a firm is determined by 5 key forces

Firms use PFF to identify the attractiveness of an industry

PFF enables managers to

identify firm-level risk and returns

Consumerism as a

result of increased social media use

Heightened awareness of

animal abuse leading to veganism

The rise of

religious-based decision making in markets

Decreased use

of consumer disposable income due to higher taxation

Increased

alcoholism amongst the elderly

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