1. Competitive positioning is more dynamic when competitive advantages are long-term than when the competitive advantage is short-term. -

2. A small business expansion strategy can include acquiring another business to grow their business to the next level.

3. The nature of industry competition is determined solely by the competitors themselves.

5. In a perfectly competitive market, it is assumed consumers have perfect information. Firms in a perfectly competitive market must adhere to certain aspects of the market to remain profitable.

6. Many factors such as: resources, time, performance, and actions taken by managers and others that can affect the organizations output.

8. Effective market segmentation is a two-step process that starts with naming broad product-markets and then goes on to segmenting these broad product -markets into more homogeneous submarkets.

9. Without quality, the firms products must be exported to developing countries because they are not competitive in their country or developed countries.