The 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 of an organization is derived from the structure of its industry. This includes factors such as the number and size of competitors, the nature of the industry's product or service, and barriers to entry or exit. The structure of the industry influences the strategic choices available to the organization and determines the level of competition within the industry.

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