Strategic management.

1. True or False K20 points. ('1') for True, (F) for False} 1. The resource-based model assumes that if rms have resources that are rare or costly to imitate, this is sufficient to form a basis for competitive advantage. 2. An effective vision statement will specify the market to be served. 3. Firms can directly control the elements of the six segments of the general environment. 4. Without monitoring, a rm is left with a mass of data of unknown relevance. 5. The ve forces model of competition focuses on the segments of the general environment. 6. The sustainability of a competitive advantage depends upon the imitability of the core competence, the availability of substitutes for the core competence, and the rate of obsolescence of the core competence. 7. Analyzing the internal environment enables a rm to determine what it can do by identifying what opportunities exist. 8. A global mind-set is he of the assumptions of a single country, culture, or context. 9. A competitive advantage can be created when several resources are bundled together in a unique fashion. 10. One criteria for a resource or capability to be a source of competitive advantage is that it allows the rm to perform a value-creating activity that competitors cannot perform