The more likely the industry has lower overall profitability

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

T or F

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

T or F

3. 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

4. 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

Reference no: EM132155736

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