Key success factors are:
A)Factors that allow rivals to undermine a firm's competitive advantage
B)The sources of competitive advantage within an industry
C)The forces of competition that are most influential in determining industry profitability
D)The generic strategy that is most closely aligned with customer preferences

Question

Quizplus · Accepted Answer

Key success factors are the sources of competitive advantage within an industry. These factors are the attributes or characteristics that determine a company's ability to compete effectively in its market. Identifying and leveraging these factors is crucial for a company to succeed and gain a competitive advantage over its rivals. Factors such as cost efficiency, product quality, brand recognition, and customer service are all examples of key success factors that can help a company succeed in its industry.

Key Success Factors Are