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TEST BANK For Strategic Management, 6th Edition 2024 By Rothaermel Frank, Verified Chapters 1 - 12, Complete Newest Version A good strategy allows a firm to achieve superior performance and sustainable competitive advantage without regard to the external environment. ⊚ true ⊚ false 2) The following statement by the chief executive of MegaFilms movie studio should not be used as a strategy: “We will produce the greatest films of the 21st century.” ⊚ true ⊚ false 3) The three tasks of the AFI strategy framework are to Assemble a prototype, Find a buyer, and Incorporate feedback. ⊚ true ⊚ false 4) Questions asked during the strategy analysis stage of the AFI framework should include “What effects do forces in the external environment have on the firm’s potential to gain and sustain a competitive advantage?” ⊚ true ⊚ false 5) Once a strategy has been formulated and implemented, it is important that the firm sticks to it no matter what happens. ⊚ true ⊚ false 6) Because they are a crucial component of a firm’s success, customers are considered internal stakeholders. ⊚ true ⊚ false 7) A firm is required by society and its shareholders to meet its ethical and philanthropic responsibilities. ⊚ true ⊚ false 8) Stakeholder impact analysis provides a decision tool that helps strategic leaders recognize the needs of different stakeholders. ⊚ true ⊚ false 9) Juan wants to open his own ho ... Purchase document to see full attachment