The I/O model and the resource-based view of the firm suggest conditions that firms should study in order to:
A) compete in domestic but not international markets.
B) examine strategic outputs achieved mainly in the last 5-year period.
C) engage in different sets of competitive dynamics.
D) develop the most effective strategy.

Question

Quizplus · Accepted Answer

The I/O model and the resource-based view of the firm both focus on understanding external and internal conditions to develop strategies that provide a competitive advantage, leading to the most effective strategy.

The I/O Model and the Resource-Based View of the Firm