Chapter 1 Student name::__________
Answers are at the end of each chapter TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false. 1) A good strategy is a set of actions that enables a firm to achieve its own internal goals without regard to the external environment. ⊚ ⊚
true false
2) The following statement by the chief executive of GoFlix movie studio is an effective strategy: “We will produce the greatest films of the 21st century.” ⊚ ⊚
true false
3) The three tasks of the AFI strategy framework are to Assemble a prototype, Find a buyer, and Incorporate feedback. ⊚ ⊚
true false
4) Questions asked during the strategy analysis stage of the AFI framework include “How does the firm make money?” and “What effects do forces in the external environment have on the firm’s potential to gain and sustain a competitive advantage?” ⊚ ⊚
Version 1
true false
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