If a resource is 'inimitable' a competitor finds it: a. Easy to copy b. Easy to acquire c. Easy to copy and easy to acquire d. Difficult to copy Select one: a. a b. b c. C d. d Large-scale, future-oriented plans, for interacting with the competitive environment to achieve company objectives refers to its a. Strategy b. Goals c. Competitive analysis d. Dynamic policies Product differentiation refers to the: a. ability of the buyers of a product to negotiate a lower price. b. response of incumbent firms to new entrants. c. belief by customers that a product is unique. d. fact that as more of a product is produced the cheaper it becomes per unit. Select one: a. a b. b c. C d. d All of the following are forces that create high rivalry within an industry EXCEPT a. numerous or equally balanced competitors. b. high fixed costs. c. fast industry growth. d. high storage costs