When utilizing the Industrial Organization,or I/O,model the key to success for a firm is:
A) proper utilization of the firm's human resources.
B) selecting the most attractive industry in which to compete.
C) identifying the firm's key competitive advantage.
D) developing the firm's unique resources and capabilities.

Question

Quizplus · Accepted Answer

The key to success for a firm when utilizing the Industrial Organization model is selecting the most attractive industry in which to compete. This involves assessing factors such as industry structure, potential for growth and profitability, and the firm's ability to compete within that industry. While the other choices may also play a role in a firm's success, selecting the right industry is considered the most important factor according to the I/O model.

When Utilizing the Industrial Organization,or I/O,model the Key to Success