A competitive strategy followed by an organization is derived from the ________ of its industry.
A) function
B) structure
C) profits
D) goals

Question

Quizplus · Accepted Answer

The competitive strategy followed by an organization is derived from the structure of its industry, including factors such as the number and size of competitors, barriers to entry, and availability of substitutes. Understanding the industry structure is essential for developing an effective competitive strategy. The other options may influence a company's strategy but are not the primary determining factor.

A Competitive Strategy Followed by an Organization Is Derived from the ________