1. Although matrix structure is intuitively appealing and potentially efficient, because it violates the unity of command principle, it may encourage power fights between managers and shirking among employees ( true/false)

2.In industry analysis, complements have the opposite effect to substitutes (true/ false)

3.Consumer surplus is the difference between the price consumers pay and the maximum price they would have been willing to pay(true/ false)

4.Successful strategy implies effective leveraging of internal resources and capabilities without regard to the industry or general external environment (true/ false)

5. Superior performance is more likely associated with intangible than tangible resources(true/ false)

6.Generally speaking, the concepts and tools of corporate and business strategy are not applicable to non-profit organizations (true/ false)

7. The existence of common success factors in the industry implies that firms should adopt similar strategies to be successful (true or false)

8. Fundamentally, there are two types of competitive advantage: lower cost and differentiation (true/ false)

9.Groups of companies that have adopted similar approaches to competing within the industry are referred to as strategic groups(true/ false)

10. When structural transformation in the industry is rapid, the five forces framework does not offer a stable basis to predict competition and profitability (true/false)

11. The greater the rate of change in the firms external environment, the more likely its resources and capabilities will provide a secure foundation for long-term strategy(true/false)