1. Which of the following could be considered a resource-based synergy?

a. Exerting market power by gaining greater control over the value chain

b. Jointly selling acquirer and target products to clients resulting in sales growth that neither firm could achieve alone

c. A company divesting one of its divisions

d. All of the above

2. Which of the following does NOT describe business strategy or corporate strategy correctly?

a. Business strategy focuses on strengthening a firm's competitive advantage through strategic positioning

b. Corporate strategy focuses on designing a well-aligned value chain that helps a firm achieve competitive advantage in its main business

c. Business strategy focuses on how to compete with other firms in a specific business

d. Corporate strategy focuses on how to allocate resources across different businesses and construct a portfolio

3.The motivation behind firms' diversification is always to maximize their shareholder value

True

False

4.Cutting costs and boosting productivity are types of generic strategies for achieving sustained competitive advantage.

True

False