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

question 59

Multiple Choice

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

• A) less important than
• B) as important as
• C) more important than
• D) more common than
• E) less common than

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Definitions:

Breakeven Analysis

A financial calculation to determine the number of products or services a company must sell to cover its costs.

Cumulative Dollar Value

The total monetary value of something accumulated over time.

Investment

The action or process of allocating resources, usually money, with the expectation of generating an income or profit.

Custom-Write

The process of writing content or software based on the specific requirements of a client or a project.