Question 7 2 points Save Answer Whenever a new generation of video game consoles launches, it is important for each console to quickly accumulate as many new users as possible, as people tend to buy the same consoles their friend has in order to play with them (network effect). Which strategic concept will best prescribe strategic action in this scenario? First mover advantage Economies of scale Barrier to entry Cost leadership Question 2 From the perspective of KFC or Church's, the recent rivalry between Popeye's and Chick-Fil-A should be conceived of as Beneficial since two rivals are fighting A sign that the market for fried chicken is declining A form of tacit cooperation A sign that the market for fried chicken is growing Question 3 If a company is part of a growing market, it makes sense to focus most on a Business level strategy Corporate level strategy Neither Both are equally important Question 8 2 points Save Answ Google and read about the bidding war between Occidental Petroleum and Chevron. This was primarily driven to acquire resources able to create a competitive advantage through Learning curve advantages Favorable access to materials Managerial know-how Proprietary technology