A firm can survive and succeed in the long run if it successfully develops strategies to confront the _______________ that shape the structure of competition in its industry.
A) technological innovations
B) competitive business processes
C) competitive forces
D) competitive strategies

Question

Quizplus · Accepted Answer

The sentence indicates that the firm needs to develop strategies to confront the competitive forces that shape the structure of competition in its industry in order to survive and succeed in the long run. Therefore, option C (competitive forces) is the best choice. Options A (technological innovations), B (competitive business processes), and D (competitive strategies) may be important factors for success, but they are not specifically mentioned as the primary focus of the sentence.

A Firm Can Survive and Succeed in the Long Run