After years of growing your business in the fast-food industry, you are still faced with fierce competition. You want to get out of the industry but are held back by exit barriers. Which of these is an exit barrier that might be holding you back?

Bob recently acquired a company operating in an industry that has low competition and low threat of substitutes. Also, the chances of another company entering the industry is low because initial capital requirements are high. The industry has multiple suppliers and many buyers willing to pay for its products. Do you think that Bob will be profitable with his new company in this industry, and why or why not?

Which resource or capability characteristics result in a competitive parity?

You consider opening a new frozen yogurt cafŽ in a small college town. There are no ice cream shops for miles, and not a single other frozen yogurt shop in the state. In addition, the local grocery store has a very limited selection of frozen desserts. What is most LIKELY the driving force behind your decision?

You are the CEO of a start-up tech company and you examine the industry to learn more about the dynamics that shape its profit potential. You conduct an analysis using PorterÕs Five Forces; which of the following is not a relevant factor to investigate, based on this model?

Over time, changes in an organization’s situation give rise to new opportunities and challenges. What strategy would an organization use to respond to these changes?

An important consideration within resource-based theory is the strategic value of a firmÕs resources. Which of the following resources would NOT be considered a strategic resource?

According to Social Control theory, being busy participating in conventional activities like bike riding would fall under which element of the bond?

Karl Marx said that religion is the opiate of the masses. What did he mean by this?

Which of the following states does not have a major concentration of Jewish Americans?