All of the Following Are Assumptions of the Industrial Organization

question 48

Multiple Choice

All of the following are assumptions of the industrial organization (I/O) model EXCEPT

• A)organizational decision makers are rational and committed to acting in the firm's best interests.
• B)resources to implement strategies are firm-specific and attached to firms over the long-term.
• C)the external environment is assumed to impose pressures and constraints that determine the strategies that result in above-average returns.
• D)firms in given industries, or given industry segments, are assumed to control similar strategically relevant resources.

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Definitions:

Translation

One step in a cell’s production of a protein, in which the cell “reads” the code represented in a strand of mRNA and creates a protoprotein based on that code.

Prenatal Development

The process of growth and development within the womb from conception until birth.

Genome

All of a person’s coded and non-coded DNA.

Gene Expression

The process by which DNA information is transmitted and translated to cells.