Examlex
Compare and contrast two of Rumelt's four criteria for evaluating strategies.
Fixed Prices
Prices that do not change in response to market conditions.
Corporate Taxes
Government levies placed on the earnings or profits of businesses.
Economic Environment
The total of economic factors, such as employment, income distribution, and investment opportunities, that influence the behavior of consumers and businesses.
Smoot-Hawley
Refers to the Smoot-Hawley Tariff Act of 1930, which raised U.S. import tariffs on thousands of goods, leading to significant trade reductions worldwide.
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