Question

12

Which of the following forms of IP are specifically limited in how long they are likely to be competitive advantage

trade secrets

patents

designs

trademarks

10

Casual ambiguity can increase the durability of competitive advantage

T or F

5

The firms that are the best at beating the competition are the most likely to gain a competitive advantage

T or F

3.

Market capitalization is how much the firm can borrow from the financial markets for strategic projects

T or F

4

Industries are generally going to be more profitable if the power of the buyers of that industry and suppliers to that industry is high

T or F

Answer 1

12-Which of the following forms of IP are specifically limited in how long they are likely to be competitive advantage

designs

Explanation - designs are required to change along with the time but the trade secrets, patents and trademark remains the same for a long time and does not require any modification for limiting the competitive advantage.

10-Casual ambiguity can increase the durability of competitive advantage

True

Explanation- examination of different impacts on casual ambiguity provide the information that sustainability of competitive advantage is better in casual ambiguity.

5- The firms that are the best at beating the competition are the most likely to gain a competitive advantage.

True

Explanation- companies beat the competition only when they have innovative approach and strategy as well as better competitive advantage.

3- Market capitalization is how much the firm can borrow from the financial markets for strategic projects

False

Explanation- market capitalisation can be defined as the aggregate valuation of the company based on its current share price.

4-Industries are generally going to be more profitable if the power of the buyers of that industry and suppliers to that industry is high

False

Explanation- if the power of buyer is high then it would affect the company's overall sales as the power would be in hands of the customers and suppliers which would reduce the overall profits for the company itself.