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The recent joint ventures formed by BP with Russian and Indian partners show the importance of the __________ segment of the general environment in those countries that BP and other oil firms must manage when contending with scarce resources.

To have the potential to become sources of competitive advantage, resources and capabilities must be non-substitutable, valuable, __________, and __________.

Two concerns about outsourcing are the potential loss of a firm’s innovative ability and the loss of jobs within the focal firm

A general environmental analysis can be expected to produce all of the following EXCEPT:

The “liability of foreignness” is the:

Costly-to-imitate capabilities can emerge for all of the following reasons EXCEPT:

An analysis of income distribution would include all of the following EXCEPT:

Valuable capabilities allow the firm to:

A person who has made a successful decision when no obviously correct model or rule is available or when relevant data are unreliable or incomplete has exercised:

The increasing economic interdependence among countries and their organizations as reflected in the flow of goods and services, financial capital, and knowledge across country borders is defined as: