QUESTIONS AND ANSWERS 100% PASS
internal analysis; backward looking; overlooks weaknesses - ✔✔Name 1 weakness of
VRIO
true - ✔✔True or false: Porter's model underestimates the capabilities, resources, and
core competencies of a firm.
opportunities, threats - ✔✔The end goal of STEEP is to view the factors and trends as
either __________ or __________.
obsession causes you to lose touch with the markets; company becomes blind to
innovation - ✔✔What are 2 limitations of computer analysis?
firm is likely using too much equity to finance operations - ✔✔What does it mean when
your debt/equity ratio is too low?
experience covers; scale benefits; pre-emption of scarce resources; reputation; buyers
have no alternatives - ✔✔Name 2 advantages of being a first mover:
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