1. According to the guerrilla view of competitive advantage, the state of an organization's competitive advantage is:
- temporary.
- long term.
- long term based on the role of strategic leadership.
- able to provide stable cash flows.
2. American Airlines starting an airfare war by drastically reducing prices is an example of a change in the __________ environment.
- internal
- external
- resource
- modified environment
3. The use of equipment, materials, knowledge, and experience to perform tasks is defined as:
- the information revolution.
- technology.
- globalization.
- resource allocation.
4. __________ is the process of taking a creative idea and turning it into a product or process that can be used or sold.
- Technology
- Innovation
- Invention
- Discovery