Which of the following is an example of an industry-level factor as opposed to a firm-level factor?
A) a firm's assets
B) a firm's culture
C) the teamwork among a firm's employees
D) a firm's products
E) threat of substitutes

Question

Quizplus · Accepted Answer

The threat of substitutes is an industry-level factor that affects all firms within that industry, rather than being specific to any one firm. Factors like a firm's assets, culture, and teamwork are all specific to that individual firm and not necessarily reflective of the broader industry.

Which of the Following Is an Example of an Industry-Level