1. true or false. Although Porters five forces framework considers from rivalry to substitutes, suppliers, buyers, potential entrants, we may need several analyses to understand the industry attractiveness for a diversified company

2. true or false. Because more profitable industry attracts more entrants and less profitable industry kicks out low-performing companies, industry profitability of every industry is always similar.

3.

Economies of scale are the cost advantages that companies obtain due to size, output, or scale of operation. The underlying mechanism is the decreasing ___________ per unit of output with the increasing scale.

Group of answer choices

opportunity cost

average cost

marginal cost

switching cost

fixed cost

4.

According to resource-based perspective, when a company has valuable, rare and inimitable resources, the company always has sustainable competitive advantage in the industry.

Group of answer choices: true or false