QUESTION 7 Which of the following is NOT a potential barrier to entre Economies of scale Agency costs Switching costs Capital requirements QUESTIONS The job of strategic leadership is reserved for top managers. Managers at lower levels cannot be strategic leaders True False i ii il QUESTIONS What is the primary reason why managers conduct an internal analysis of their company's resources and capabilities? To make sure that the company's resources and capabilities are sufficient to implement the chosen business level strate To make sure that managers are not being compensated too much for the value chain activities that they perform on a daily basis To identify the opportunities and threats that are present in the internal environment, especially those things that are beyond the To make sure that the firm is charging customers enough for the value that is being provided in the company's goods and services per control QUESTION 10 in the competitive advantage reading the total value of a transaction equals the customers willingness to pay minus the suppliers opportunity cost. True False