The Industrial Organization (I/O)model Argues That

question 44

Multiple Choice

The industrial organization (I/O) model argues that

• A)the key factor in success is choosing the correct industry in which to compete.
• B)the firm's internal resources and capabilities represent the foundation for development of a value-creating strategy.
• C)the key to earning above-average returns is strategic flexibility.
• D)the internal structure of the organization must match the industry in which it competes in order to earn above-average returns on investment.

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Definitions:

Collection Delay

The time period between when a cheque is deposited and when the funds are available for use.

Average Amount

The sum of a set of values divided by the number of values, often used to find a central value or typical amount in a dataset.

Debit Card

An automated teller machine card used at the point of purchase to avoid the use of cash. As this is not a credit card, money must be available in the user’s bank account.

Automated Teller Machine Card

A plastic card linked to a bank account, used at ATMs for transactions such as cash withdrawals, deposits, and balance checks.