1. Define Efficient Market hypothesis and use quoted citations to support your definition?
2. Why is strategy analysis of the firm important: list three benefits with very brief explanation of each benefit?
3. List and briefly define the five critical factors or forces driving an industry's profitability (Porter's)?
4. Develop a table of the five dimensions of industry structure (Rivalry, Threat of new entrants, Threat of substitute products, Bargaining power of buyers, Bargaining power of suppliers) across for pharmaceutical and lumber industries [as depicted in question 04 of chapter02]. Then add to it a fourth column for Vizio/TV & Computer Display Industry. Fill-in the ratings (Low, Medium, High) for each dimension across each industry, and add under each rating a short statement to support your rating?