Asked by Sunil Thapa on Sep 24, 2024

The IO Economics perspective locates the source of competitive advantage for a firm at the​

A) ​Individual firm level
B) Industry level
C) Customer Level
D) ​None of the above

IO Economics

Industrial organization economics, the study of how firms' decisions about prices and quantities depend on the market conditions they face.

Competitive Advantage

The attributes or circumstances that allow an organization to produce goods or services better or more cheaply than its competitors, leading to a superior market position.

Industry Level

referring to the collective performance, trends, or characteristics of businesses within a specific sector of the economy.

  • Recognize the difference between the IO (Industrial Organization) and RBV (Resource-Based View) perspectives in strategic management.