The I/O Approach to Competitive Advantage Advocates That Internal Factors

question 93

True/False

The I/O approach to competitive advantage advocates that internal factors are more important than external factors in a firm achieving competitive advantage.

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Definitions:

Vietnam War

A prolonged conflict from 1955 to 1975 between communist forces in North Vietnam, backed by its communist allies, and the government of South Vietnam, supported by the United States and other anti-communist nations.

War Powers Act

Law passed in 1973, reflecting growing opposition to American involvement in the Vietnam War; required congressional approval before the president sent troops abroad.

Congressional Approval

The process by which proposed laws, appointments, and other measures are formally agreed upon or sanctioned by the U.S. Congress, which consists of the Senate and the House of Representatives.

Presidential Election

A process in countries with a presidential system where citizens vote to elect the President of the country, usually through direct or indirect means.