A firm's strategy can offer a competitive advantage depending on the nature of the industry and competitor strategies.

Question

Quizplus · Accepted Answer

A firm's strategy can offer a competitive advantage if it is well-aligned with the nature of the industry and competitor strategies. If the firm's strategy is not well-suited to the industry or does not effectively differentiate itself from competitors, it may not offer a competitive advantage. Therefore, the statement is true.

A Firm's Strategy Can Offer a Competitive Advantage Depending on the Nature