The I/O and Resource-Based Models Contain Many of the Same

question 58

True/False

The I/O and resource-based models contain many of the same steps.One clear difference between the two models is the resource-based model starts by looking at the internal strengths and weaknesses of a firm, while the I/O model begins with an examination of the external environment.Another key difference is the resource-based model identifies an attractive industry much earlier in the process than does the I/O model.

---

Definitions:

Clean Hands

A doctrine in equity law that ensures parties seeking equitable relief must be free of wrongdoing in the matter before the court.

Non-Expert

An individual who does not possess specialized knowledge or skills in a particular area or field.

True Assertion

A claim or statement that accurately represents the facts and is correct.

Fraudulent Misrepresentation

A false statement made knowingly or recklessly with the intent to deceive, leading another to enter into a contract.