______ takes an external perspective and is concerned with the industry within which firms operate and behave as producers, sellers and buyers of goods and services.
A) Resource-based view
B) Value chain
C) Industrial organization
D) Macro economics

Question

Quizplus · Accepted Answer

The industrial organization perspective focuses on the external industry context in which firms operate and how they behave as producers, sellers, and buyers of goods and services. It analyzes industry structure, competitive dynamics, and strategic interactions among firms. Resource-based view is inward-looking and analyzes the firm's internal resources and capabilities, while value chain looks at the firm's internal activities and processes. Macro economics deals with the overall performance and behavior of the economy as a whole.

______ Takes an External Perspective and Is Concerned with the Industry