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TRUE/FALSE. Write 'T' if the statement is true and Fif the statement is false. 1) 1) A good strategy is a set of actions that enables a firm to achieve its own internal goals without regard to the external environment. 2) Product-oriented vision statements are better suited than customer-oriented vision statements for helping companies to adapt to changes in the external environment. 3) Core values provide ethical guidelines for how individual employees will behave. 3) 4) 4) Questions asked during the strategy analysis stage of the AFI framework include "How does the firm make money?" and "What effects do forces in the external environment have on the firm's potential to gain and sustain a competitive advantage?" MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 5) - 5) Which of the following strategies does Tesla need to implement or achieve to gain a competitive advantage? A) substitute less-expensive components to keep costs low B) imitate the features of the most popular SUVs on the market C) reinvest profits to build successively better electric automobiles D) sell advertising space on their cars' digital displays 6) 6) is best described as an integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage. A) Integrated technology management B) Supply chain management C) Strategic management D) Inventory management -hol 7) Which of the following stages of the strategic management process involves an evaluation of a firm's external and internal environments? A) strategy implementation B) strategy control C) strategy analysis D) strategy formulation