Chapter 4

Why is it important to study the internal resources, capabilities, and activities of firms? What insights can be gained?

Chapter 5

1. Domino's Pizza has been in business for more than 50 years and claims to be "#1 Worldwide in Pizza Delivery" with over 13,000 locations. Visit the company's business-related website https://biz.dominos.com/and underatnd Domino's strengths based on information under the "Investors" and "About Us" tabs. Does the firm focus on the accounting, shareholder, or economic perspective in describing its competitive advantage?

2. For many people, the shareholder perspective is perhaps the most familiar measure of competitive advantage for publicly traded firms. What are some of the disadvantages of using shareholder value as the sole point of view for defining competitive advantage?

1. Whatisa tariff?Whatis aquota?Howare tariffsand quotas toolsfor managed trade?Explain.