单选题 The three parts of the external environment that affect a firm's strategic actions are ________ (  )

A、 economic,
B、 general,
C、 industry,
D、 local,
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单选题 In order to cope with hypercompetition, firms need to develop _________ through continuous learning.(  )

A、economies
B、strategic
C、huge
D、first-mover

单选题 When a firm earns lower-than-average returns, the highest priority is given to satisfying the needs of capital market stakeholders over the needs of product market and organizational shareholders.(  )

A、true
B、false

单选题 The primary drivers of hypercompetition are _______ and _________.(  )

A、rising
B、the
C、increased
D、increased

单选题 The assumptions of the industrial organization model and the resource-based model are contradictory. Therefore, organizational strategists must choose one or the other model as the basis for developing a strategic plan.(  )

A、true
B、false

单选题 A firm has achieved __________ when it successfully formulates and implements a value-creating strategy.(  )

A、strategic competitiveness
B、resource
C、substantial
D、core

单选题 Product market stakeholders include: ______(  )

A、the
B、shareholders.
C、employees.
D、suppliers.

单选题 Organizational stakeholders are usually satisfied when: ________(  )

A、their
B、customers
C、companies
D、companies

单选题 Which of the following statements is MOST consistent with the I/O view? Performance of a firm is most directly attributable to: ________(  )

A、the
B、the
C、the
D、hypercompetition