1, The VRIO model represents the external part of a firm's environment in the SWOT analysis

True

False

2, National culture considerations in strategy formationare seldom seen as necessary tocorporate ventures in foreign countries.

True

False

3, Companies use balanced scorecards to summarizeand evalute firm information into a smaller number of critical factors

True

False

4, Which of the following situations would offer the greatest opportunity for entrepreneurs?

Certainty in situations

Finding and developing new/differentsubstitute products

High entry and exit costs in an industry

Certainty in the marketplace