Key success factors are
A)Examples of defensive strategies.
B)Important characteristics of a company or its product that lead to success in an industry.
C)Similar to generic strategies.
D)The economic characteristics of countries that lead to success.

Question

Quizplus · Accepted Answer

Key success factors refer to the important characteristics of a company or its product that lead to success in an industry. This can include factors such as technology, market position, supply chain efficiency, and brand image. Defensive strategies (A) are focused on preventing or minimizing losses rather than achieving success. Generic strategies (C) are a different concept, referring to broad categories of competitive strategies such as cost leadership and differentiation. Economic characteristics of countries (D) can certainly impact a company's success, but it is not the same as key success factors.

Key Success Factors Are