Strategic Management 5th Edition By Frank Rothaermel 2020 Test Bank

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 ⊚ 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 ⊚ true ⊚ false 5) Once a strategy has been formulated and implemented, it is important that the firm sticks to it no matter what happens. ⊚ true ⊚ false 6) Because they are a crucial component of a firm’s success, customers are considered internal stakeholders. ⊚ true ⊚ false