Which of the Following Statements About the External Perspective of Competitive

question 62

Multiple Choice

Which of the following statements about the external perspective of competitive advantage is most accurate?

• A) The success of a strategy is determined by the forces within the firm's external environment and industry.
• B) The firm's internal resources and capabilities represent the foundation for development of a value-creating strategy.
• C) Internationalization is a factor that leads to globalization.
• D) Firms should seek to maximize their returns by changing organizational structure in a manner consistent with the most efficient producers in any given industry.

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Definitions:

Industry

A sector of the economy that is concerned with the production and manufacturing of goods or services.

Buzzwords

Popular or trendy words or phrases that are used to impress or persuade, often without conveying substantial meaning.

Clichés

Overused expressions or ideas that have lost their originality and impact due to excessive use.

Abstract Words

Words that refer to ideas, qualities, and conditions that cannot be directly perceived by the senses, such as "freedom" or "happiness."