Why Did Observers at First Believe That the Damage from the Impending

question 39

Essay

Why did observers at first believe that the damage from the impending subprime mortgage crisis would be too small to cause a recession?

Grasp the importance of the firm’s value chain in strategic management.

Recognize the characteristics that determine industry attractiveness according to the market-based view.

Identify the attributes of resources and capabilities that lead to sustainable competitive advantages.

Understand modern strategic management theories regarding the best competitive advantages.

---

Definitions:

Video Display Terminals

Electronic devices with screens used to display data or images, commonly found in computers and televisions.

Vicariously Liable

A legal principle where one party is held responsible for the actions or omissions of another party, under certain conditions.

Motor Vehicle Accident

An unplanned event involving a motorized vehicle that results in damage or injury.

Local Merchant

An individual or business that sells goods or services within a particular local area or community.