- In general, compared with firms which compete in only one market, among firms which face one another in multiple markets there is__________.
- similar competitive rivalry
- more competitive rivalry
- less competitive rivalry
- no competitive rivalry
- The three parts of the external environment which affect a firm’s strategic actions are__________.
- economic, political, and legal
- industry, business, and product
- local, national, and global
- general, industry, and competitor
- The proper matching of what a firm can do with what a firm might do__________.
- balances the internal characteristics of the firm with the characteristics of the external environment
- overcomes the rigidity and inertia resulting from a history of success
- develops core competencies based on human knowledge
- yields insights the firm requires to select its strategy
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