Question 1.Which of the following is NOT a mechanism to protect a firm's sustained competitive advantage (SCA)?

The industry structure
Peculiar configurations of resources, capabilities, and competencies
Continuous positioning and repositioning
All of the above are protection mechanisms

Question 2.Changes in the rules of the "game" of strategy occur not only because of variations in the legal and ethical climate, but also because of changes in technology and __________.

competition
economics
laws
ergonomics

Question 3.A strategic inflection point may arise from

new technologies
transformations in competitor values and preferences
constant regulatory conditions
all of the above

Question 4.To make winning moves, managers must find _______ and ______ that meet customer demands.

sales, products
business models, products
profitable patterns, business models
business models, sales

Question 5.What a company currently is best at is incorporated into its _____________.

vision
mission
goals
objectives

Question 6.To achieve sustained competitive advantage, a manager must

Lower prices
Locate in another territory
Meet customer demands
Have presence on the Internet

Question 7.______________ is the evolution of a general idea through continually changing circumstances.

Vision
Mission
Strategy
Objective

Question 8.The goal of strategic management is

sustained customer advantage
sustained comparative advantage
sustained competitive advantage
sustained collaborative advantage

Question 9.EVA means

Every value available
Enhanced value added
Economic value advantage
Economic value added

Question 10._____________ strategies differ from _______________ ones.

Original, adapted
Original, realized
Realized, intended
Intended, original