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:

Culture

The shared beliefs, values, norms, and practices that characterize a group of people or society, influencing behavior and perceptions.

Diversity

The range of differences among individuals and groups, including but not limited to race, ethnicity, gender, age, and cultural background, which can enhance creativity, innovation, and problem-solving in teams.

Prejudice

Preconceived opinion or judgment about an individual or group that is not based on reason or actual experience.

Common Language

A shared form of communication among a group of people, facilitating mutual understanding and collaboration.