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Author Question: Representative A is most likely from which of the following countries? A) Romania B) Zimbabwe ... (Read 72 times)

Tazate

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on: Jul 7, 2018
Representative A is most likely from which of the following countries?
 
  A) Romania
  B) Zimbabwe
  C) Egypt
  D) Australia

Question 2

What is the Industry Organization (IO) paradigm? Discuss the underlying assumptions of this model.
 
  What will be an ideal response?


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shoemake

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Reply #1 on: Jul 7, 2018
Answer to Question 1

B

Answer to Question 2

According to the Industry Organization (IO) paradigm, an industry's structure shapes a firm's conduct, namely its strategic and tactical choices regarding research and innovation, product strategy, plant investment, pricing behavior, and other value activities. The assumptions underlying this model are that markets demonstrate perfect competition and that firm performance is a function of its conduct. However, these two assumptions are not always true. Markets are not always perfectly competitive, and some firms consistently outperform industry averages. In this light, industry structure is not entirely deterministic of firm performance. Rather, firm performance is influenced by the presence of bright, motivated managers and their keen sense of innovative products and processes.


Tazate

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Reply 2 on: Jul 7, 2018
Thanks for the timely response, appreciate it

jordangronback

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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