Multiple choice

Question 1 

A __________ statement is a statement of what specific organizational units do and what they hope to accomplish.

A. vision    

B. strategy    

C. technology    

D. mission    

Question 2 

The competitive advantage perspective that focuses on structural forces within an industry, the competitive environment of firms, and how these influence competitive advantage is the __________ view.

A. industrial-organizational    

B. resource-based    

C. guerilla    

D. structured-competitive    

Question 3 

The ability to access information with great speed reflects the impact of:

A. the information revolution.    

B. technological advances and breakthroughs.    

C. globalization.    

D. the Internet.    

Question 4

The __________ view takes the approach that a firm's resources are more important than industry structure in getting and keeping competitive advantage.

A. industrial organization    

B. resources-based    

C. supplier-based    

D. guerrilla-based