Question 38 (1 point)

Average returns are returns in excess of what an investor expects to earn from other investments with a similar amount of risk

Question 38 options:

	True
	False

Question 39 (1 point)

Multimarket competition occurs when firms

Question 39 options:

	compete against each other in several geographic or product markets
	have a high level of awareness of their competitors' strategic intent
	simultaneously enter into an attack strategy
	sell different products to the same customer

Question 40 (1 point)

The strategic management process is

Question 40 options:

	a process directed by top-management with input from other stakeholders that seeks to achieve above-average returns for investors through effective use of the organizations resources
	a set of activities that will assure a sustainable competitive advantage and above-average returns for the firm
	the full set of commitments, decisions, and actions required for the firm to achieve above-average returns and strategic competitiveness
	a decision-making activity concerned with a firm's internal resources, capabilities, and competencies, independent of the conditions in its external environment

Question 41 (1 point)

In recent years, industry boundaries have become more sharply defined

Question 41 options:

	True
	False

Question 42 (1 point)

A competitive action can be one of two types, either ____ or ____.

Question 42 options:

	market-based, resource-based
	strategic, tactical
	aggressive, defensive
	quality-based, cost-based

Question 43 (1 point)

The resource-based model assumes that if firms have resources that are rare or costly to imitate, this is sufficient to form a basis for competitive advantage

Question 43 options:

	True
	False

Question 44 (1 point)

The relationship of Burger King and McDonald's is an example of multimarket competition where market commonality exists

Question 44 options:

	True
	False