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

Question

Quizplus · Accepted Answer

The competitive strategy is derived from a careful analysis of the structure of the industry, including factors such as the industry's level of competition, the bargaining power of buyers and suppliers, and the threat of new entrants or substitutes. Understanding the industry structure helps companies identify their strengths and weaknesses and develop strategies to either compete head-on with rivals or differentiate themselves in the market. Factors such as profits, function, and goals may influence the company's strategy, but ultimately, it is the industry's structure that determines the most viable path to success.

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