1. Using a diagram explain briefly the dynamic view of the firm & its strategic significance.

Indicate the implication of each line in the diagram in the context of strategy. 2. Distinguish between imitation & substitution & state their strategic significance. Name the barriers to imitation & explain briefly any five of them. 3. With the help of a diagram, explain the difference between Dominant Business Corporation & Related Business Corporations 4. Using a diagram, outline the Tetra-Threat Framework for sustainability analysis and explain briefly each term in this framework and its strategic significance. Name and explain briefly a companys responses to imitation. 5. For any organized retail co. of your choice illustrate how its resources, core competencies and key activity systems enable it build and sustain competitive advantage.