Question: please answer the true and false. 1. A firm's competitive advantage can be temporary or sustained. TRUE/FALSE 2. Firms that create the same economic value

please answer the true and false. please answer the true and false. 1. A firm's
please answer the true and false. 1. A firm's
please answer the true and false. 1. A firm's
1. A firm's competitive advantage can be temporary or sustained. TRUE/FALSE 2. Firms that create the same economic value as their rivals experience competitive parity. TRUE / FALSE 3. Firms that generate less economic value than their rivals have a competitive disadvantage. TRUE/FALSE 4. Strategy implementation occurs when a firm adopts organizational policies and practices that are consistent with its strategy. TRUE/FALSE 5. Emergent strategies are theories of how to gain competitive advantage in an industry that emerge over time or that have been radically reshaped once they are initially implemented. TRUE/FALSE 6.The strategic management process begins when a firm identifies its mission, or its long-term purpose. TRUE/FALSE 7. Objectives are measurable milestones firms use to evaluate whether they are accomplishing their missions. TRUE/FALSE 8. When new, but unrelated, products could be offered at highly competitive prices is considered a great strategy. TRUE/FALSE 9. Identifying and evaluating alternative strategies should involve only managers who earlier assembled the organizational vision and mission statements. TRUE/FALSE 10. The tools presented in the comprehensive strategic framework are applicable to all sizes and types of organizations and can help strategists identify, evaluate, and select strategies. TRUE/FALSE 11. All strategic techniques included in the strategy-formulation framework as it relates to IFE/EFE require the integration of intuition and analysis. TRUE/FALSE 12. When an organization faces major threats, it will seek to avoid them to concentrate on weaknesses. TRUE/FALSE 13. Weakness and Strength Strategies aim at improving external strengths by taking advantage of external opportunities. TRUE/FALSE 14. Although the SWOT matrix is widely used in strategic planning, the analysis does have some limitations, first, SWOT does not show how to achieve a competitive advantage TRUE/FALSE 15. The IE Matrix is based on two key dimensions: the IFE total weighted scores and the EFE total weighted scores TRUE/FALSE 16. Assign weights to each key external and internal factor, these weights are not identical to those in the EFE Matrix and the IFE Matrix. TRUE/FALSE 17. Globalization as it relates to the integrated internationalization of markets and corporations, has changed the way modern corporations do business. 18. The VRIO framework makes it possible to discuss the formulation and implementation of an investment and a simple integrative structure in business. TRUE / FALSE 19. Some missions can affect, and some may improve business management TRUE / FALSE

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