The industry organization (IO)paradigm reports that, on average, the BEST predictor of firm strategy is the ________.

Question

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The industry structure in which a firm competes is the best predictor of its strategy as it determines the competitive environment, opportunities, and threats that a firm faces. The industry structure affects factors such as buyer and supplier power, the threat of new entrants, and the level of rivalry, which affects a firm's ability to achieve sustainable competitive advantage.

The Industry Organization (IO)paradigm Reports That, on Average, the BEST