If an Industry Has a Stable Environment and Firms Pursue

question 47

Multiple Choice

If an industry has a stable environment and firms pursue similar strategies,

• A)firms with similar resources and capabilities should have similar profit rates.
• B)firms with similar resources and capabilities should have similar structures.
• C)firms without similar resources and capabilities will have left the industry.
• D)strategists may as well shoot themselves, this industry is so boring.

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Definitions:

ATP

Adenosine triphosphate, a molecule that carries energy within cells for metabolism, serving as a primary energy currency of the cell.

Electron Transport Chain

a component of the electron transport system involved in cellular respiration that generates a proton gradient to produce ATP.

ATP Molecules

Adenosine triphosphate molecules, which are the primary energy carriers in all living organisms, providing energy for most cellular processes.

Cellular Respiration

The process by which cells produce energy from carbohydrates; oxygen is consumed as a reactant along with the organic fuel.