Select the correct answer: True or false

1. Prior strategic commitments are one of the reasons why a company fails.

2. In a fragmented industry a few large companies dominate.

3. When customers have brand loyalty for a particular product in an industry, this risk of entry by potential competitors is high.

4. When exchange rate of a countrys currency gets stronger, it is a negative competitive force for its importers.

5. Product proliferation strategy is creation of new or improved products to replace the existing ones.

6. When a company has few distinctive strengths in a declining industry where intensity of competition is high, it should pursue a harvest strategy.

7. For a first mover in a tech industry, the right strategy to follow is determined only by high barrier to imitation and capability of competitors.

8. In an embryonic stage a company should focus on cost reduction strategy.

9. The value of a share of a company at a given time is the sum of present value of future dividend payments.

10. Late majority is the last group of customers that enter an industry.