According to the Industrial Organization (I/O) Model, When a Firm

question 12

Multiple Choice

According to the industrial organization (I/O) model, when a firm is unable to control conditions in the external environment, what happens?

• A) The company will be able to differentiate itself from competitors in a variety of ways.
• B) The company's strategic options will be limited.
• C) The company's strategic options will be unlimited.
• D) The company will be unable to achieve a sustainable competitive advantage.

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Definitions:

DNA

Deoxyribonucleic acid, a molecule that carries the genetic instructions used in growth, development, function, and reproduction of all known living organisms.

RNA

RNA, a vital nucleic acid found in every living cell, functions as a courier, delivering directions from DNA to regulate protein synthesis.

Evolutionary Systematics

An approach to classification that considers both evolutionary relationships and the extent of divergence that has occurred since a group branched from an ancestral group. Compare with cladistics and phenetics.

Phylogenetic Tree

A branching diagram that shows lines of descent among a group of related species.