A firm's choice of position depends on two important factors, which are ________.
A) low cost and differentiation
B) resources and industry structure
C) structure and strategy
D) differentiators and arenas

Question

Quizplus · Accepted Answer

Resources and industry structure are the two important factors that determine a firm's choice of position. Resources refer to the assets and capabilities that a firm possesses, while industry structure refers to the characteristics of the industry in which the firm operates.

A Firm's Choice of Position Depends on Two Important Factors