​In the IO Perspective It Is Important to Enter an Industry

question 56

Multiple Choice

​In the IO perspective it is important to enter an industry with

• A)​High supplier power
• B)Low threat from substitutes
• C)Low levels of rivalry between firms
• D)​Only B & C

---

Definitions:

Psychology

The scientific study of the human mind and its functions, especially those affecting behavior in a given context, exploring aspects such as perception, cognition, emotion, and interpersonal relationships.

Interdisciplinary Influences

The impact of integrating and applying knowledge and methods from multiple disciplines to advance understanding or solve problems.

Group Dynamics

The study of the behaviors and psychological processes occurring within a social group, including the ways in which group members interact and influence each other.

Organizational Behavior

The study of individual behavior and group dynamics in organizations.