Which statement about the dynamic perspective is true?
A) A firm's market position tends to remain relatively stable over time.
B) The current market position of a firm is not an accurate predictor of its future performance.
C) Competitive advantage is determined by the structure of the industry.
D) Competitive advantage is determined by industry attractiveness.

Question

Quizplus · Accepted Answer

The dynamic perspective suggests that a firm's market position is constantly changing and thus the current market position is not an accurate predictor of future performance. This perspective emphasizes the importance of staying flexible and adaptable to changes in the competitive environment. Options A, C, and D do not accurately reflect the dynamic perspective.

Which Statement About the Dynamic Perspective Is True