The political/legal segment of an environment represents:

What is the relationship between a firm’s industry environment and the firm’s earning potential?

New entrants to an industry are more likely when:

A decision that results in failure:

Globalization has led to:

Compared to tangible resources, intangible resources are __________ and __________.

The economic environment refers to:

The recent joint ventures formed by BP with Russian and Indian partners show the importance of the __________ segment of the general environment in those countries that BP and other oil firms must manage when contending with scarce resources.

To have the potential to become sources of competitive advantage, resources and capabilities must be non-substitutable, valuable, __________, and __________.

Two concerns about outsourcing are the potential loss of a firm’s innovative ability and the loss of jobs within the focal firm