Question 12 2.5 Points According to Whittington et al. (2020) which statements below explain best the application of macro dimension of political factors from PESTEL framework? (Choose 2 answers) China is usually ranked high political risk on the macro dimension Western European countries are usually ranked low political risk on the macro dimension Western European countries are usually ranked high political risk on the macro dimension Middle Eastern countries are usually ranked high political risk on the macro dimension A threat of substitute products is high... (Choose 2 answers) only when substitute products are less expensive, because this is what the customers value even when substitute products are more expensive, as long as if they offer something that the customers value when they pose a threat from within the industry especially when switching to the alternative products can make the existing products obsolete Question 14 2.5 Points Which of the following are correct descriptions of Porter's framework forces? (Choose 3 answers) The support of suppliers The threat of substitutes The intensity of rivalry The bargaining power of suppliers The need of complementary products Question 15 2.5 Points According to RBV why is financial control perceived as a threshold capability ? (Choose one answer) Because it is easy to imitate since it is relatively quick to acquire the same resources that lead to this capability, e.g. capital, IT system and personnel with some experience. Because it is based on intangible resources. Because it is really hard to imitate since it takes a lot of time to gather all the relevant resources that lead to this capability, e.g. capital, IT system and personnel with some experience. Because a competitor cannot easily copy and transfer the same capability. None of the other answers (N/A).