QUESTION 1

1. Efficiency is more important for a firm pursuing a differentiation strategy than a firm competing on the basis of cost leadership.

   True

   False

2.5 points

QUESTION 2

1. When determining whether we have a competitive advantage, we found that our manufacturing process is valuable, rare, can't be imitated, and is being exploited by our firm. Based on VRIO, we

   		are about equally competitive.
   		have a sustained competitive advantage.
   		have a competitive disadvantage.
   		have a temporary competitive advantage.
   		have an unexploited competitive advantage.

2.5 points

QUESTION 3

1. At the Orbital Rocket Company, all of the components used in their rockets are built by other firms. Orbital simply assembles the rocket. They are using the

   		virtual structure.
   		simple structure.
   		divisional structure.
   		hollow structure.
   		modular structure.