Check ALL that apply (and only those that apply)

The industry and business environment is not static. Changes, large and small occur every day. As a consequence:

		A company must follow it's long-term strategy and not change it for at least 8 years in order to be profitable.
		A company should pay close attention to what their competitors are doing.
		A company must use Porter's 5 Forces to analyze the industry when entering it; and then switch to VRIO analysis once it enters the industry.
		A company needs to do business analyses on a regular basis.