All of the following are assumptions of the industrial organization (i/o) model except
Options:
| A. organizational decision makers are rational and committed to acting in the firm’s best interests. B. resources to implement strategies are firm-specific and attached to firms over the long-term. C. the external environment is assumed to impose pressures and constraints that determine the strategies that result in above-average returns. D. firms in given industries, or given industry segments, are assumed to control similar strategically relevant resources. |
The Correct Answer Is:
B. resources to implement strategies are firm-specific and attached to firms over the long-term.