If a firm offers a service that is valuable, rare, and costly to imitate, but a substitute exists for the service, the firm will:

The rate of technological diffusion has increased substantially over the past 15 to 20 years. Which of the following was fastest in penetrating 25 percent of homes in the United States?

Even for companies capable of succeeding in global markets, it is critical that they:

The likelihood of entry of new competitors is affected by __________ and __________.

The threat from substitutes is high when:

Which of the following would be categorized as a value chain activity?

New Jersey and New York have the highest state taxes in the United States.  They also have high rates of people moving out compared to people moving into the state.  This impacts the __________ aspect of demographic analysis. 

A firm’s mission is:

Compared to intangible resources, in terms of their value, tangible resources are __________ constrained because they are __________ to leverage.

All of the following are assumptions of the resource-based model EXCEPT: