1. Match the method of measuring competitive advantage with thedisadvantage of that method.
Accountingprofitability A. Based on factors other than firm performance
Shareholder valuecreation B. Basedon historic data.
A economic value creation C. Based on the value of goods to theconsumer.
2.
Who are stakeholders from a strategic managementperspective?
Anyone that has an equity stake in the firm.
Anyone that can materially affect the firm.
Anyone that cares about the firm.
Anyone for whom the firm is ethically responsible.
3.
Which of the following is sufficient on its own to create acompetitive advantage
Making tradeoffs
Industry structure
None of these are sufficient on their own
Difficulty in competitors imitating a completive advantage
