5. The strategic management process is a. a set of activities that will assure a sustainable competitive advantage and above-averagereturns for the firm.b. a decision-making activity concerned with a firm’s internal resources, capabilities, andcompetencies, independent of the conditions in its external environment.c. a process directed by top-management with input from other stakeholders that seeks toachieve above-average returns for investors through effective use of the organization’s3
resources.d. the full set of commitments, decisions, and actions required for the firm to achieve aboveaverage returns and strategic competitiveness. 6. Apple has reemerged as a significant player in the computer industry. This regeneration hasbeenattributed mainly to what capability? 7. The primary drivers of hypercompetition are 8. Considering both GDP and the number of potential consumers, what is the world’s largestsingle market? 9. The economic interdependence among countries as reflected in the free movement of goods,services, financial capital and knowledge across geographic borders is defined as a. hypercompetition.b. boundaryless retailing.c. strategic intensity.d. globalization. 10. All of the following are characteristic of the global economy EXCEPT 11. Globalization has led to 12. The “liability of foreignness” is the 4
when competing in the U.S. market.
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