Knowledge is composed of all the following except a

19. Knowledge is composed of all the following EXCEPT
20. Which of the following statements about organizational knowledge is correct?
21. In order to cope with hypercompetition, firms need to develop ____ through continuous learning.
22. All of the following are assumptions of the industrial organization (I/O) model EXCEPT 23. The industrial organization (I/O) model argues that
24. Which of the following statements is most consistent under the I/O view? Performance of the firm is most
directly attributable to
25. Firms use the five forces model to identify the ___________ of the industry as measured by its
____________.

26. Although McDonald’s is competing in an unattractive industry, it has improved its performance by
focusing on product innovations and by enhancing existing facilities. This improved performance is best
explained by
27. An investor is considering in which of two start-up companies she should invest. The investor has faith in
the industrial organizational model of above-average returns, and she is using its concepts to make her
decision. Both start-up companies propose to manufacture health-focused foods with such characteristics
as low salt, low sugar, high fiber, and no artificial additives. RexRich Foods has a business strategy of
producing a differentiated product for which consumers will pay more. Green Pastures Foods is in the
health-foods industry because of its internal culture and commitment to healthful lifestyles. Which firm
will the investor feel is most consistent with the model of industrial organization?
28. Research shows that approximately_____ percent of a firm’s profitability is explained by the industry in
which it competes, whereas ______ percent is explained by the firm’s characteristics and actions.
29. All of the following are resources of an organization EXCEPT
30. All of the following are assumptions of the resource-based model EXCEPT