Define and give examples of the following terms:
1. Coreness
2. Imitability
3. Tacit knowledge
4. T-skills
5. Substitute products
6. Co-opetitors
7. Idiosyncratic assets
8. Value stock
9. Moral Hazarrd
10. Era of ferment
Describe the major changes that are occurring in the business world in the U.S. due to the rise of the Internet.
What costs are likely to be incurred by businesses in the U.S. due to these changes?
What benefits are likely to be incurred by businesses in the U.S. due to these changes? Are they better able to compete with other businesses?