Identify two relevant, uncontrollable external events and two possible competitors’ actions that might — Events affect each of the following investment decisions: (LO 2)

a. Level3’s decision to install thousands of miles of fiber-optic cable between major cities to support worldwide Internet-based communications.

b. DaimlerChrysler’s decision to develop hydrogen fuel—cell powered vehicles.

c. Motorola’s decision to develop Iridium, a satellite-based telecommunication system.

Merck/Schering-Plough’s investment in Zetia, a drug to block absorption of cholesterol