1.

If Widgets Inc. is performing at the same level as Gadgets Inc. and neither company appears to be out performing the other, Widgets Inc. would be demonstrating a

		Competitive parity
		Competitive failure
		Competitive disadvantage
		Competitive advantage

2.

If a CEO continues to support and invest in a project despite feedback that the project is unlikely to succeed, they are probably falling victim to

		Confirmation bias
		Escalating commitment
		Groupthink
		Representativeness

3.

One of the strengths of Porters Five Forces is that

		It helps us assess an industrys potential for profit
		It incorporates all elements of an external analysis
		It shows us our strengths and weaknesses as a firm
		It gives us a dynamic view of the industry and its competition

4.

______________ are the combination of various resources to create necessary organizational and managerial skills

		Capabilities
		Technological advancements
		Core competencies
		Activities

5.

Gadgets, Inc. prioritizes their economic responsibilities above all else. This company probably has a(n) ______________ approach to strategic management

		Environmental
		Corporate citizenship
		Stakeholder
		Shareholder/stockholder