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:

French Revolution

A period of radical social and political upheaval in France (1789–1799) that fundamentally changed the course of French history.

German Nationalism

Refers to the nationalist movement that promoted the unity of German-speaking peoples and the creation of a nation state by the 19th century.

Continuous French Presence

Refers to the ongoing influence or physical presence of France or French culture in a specific area over an extended period.

Institution of Nobility

The structured system or establishment of noble classes within a society, often hereditary, that enjoys certain privileges, titles, and social statuses.