1. Corporate-level strategy is best described as:
a. strategies firms implement to gain a competitive advantage by selecting and managing a single business competing in several product markets.
b. actions a firm takes to gain a competitive advantage by selecting and managing a group of different businesses competing in different product markets.
c. actions a firm takes to gain a competitive advantage by selecting and managing one business competing in a single product market.
d. strategies firms implement to gain competitive advantage by selecting and managing a group of businesses competing in a single product market.
2. In what ways does the availability of tangible and intangible resources affect a firm's ability to create value through diversification?
a. A resource has abundance and valuableness
b. A resource is difficult to imitate and has abundance
c. A resource has rarity and valuableness
d. A resource is difficult to substitute and has abundance