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1) core competencies enable a firm to reduce the costs of value creation and/or to create
perceived value in such a way that premium pricing is possible.
2) a class system is a rigid form of social stratification in which the position a person
has by birth cannot be changed through his/her own achievements or luck.
3) strategic alliances can effectively limit a firm's strategic flexibility.
4) barter is the simplest form of countertrade.
5) the bretton woods system called for a system of floating exchange rates.
6) the buy america act specifies that government agencies must give preference to
american products when putting contracts for equipment out to bid unless the foreign
products have a significant price disadvantage.
