The requisite skills that all firms in an industry must possess in order to be viable competitors are called ________.
A) strengths
B) rare resources
C) key success factors
D) dynamic capabilities

Question

Quizplus · Accepted Answer

The term "key success factors" refers to the essential skills and resources that all firms in an industry must possess to succeed and remain competitive. These factors may include access to distribution channels, technological capabilities, strong brand recognition, or a skilled workforce. By understanding and leveraging these factors, firms can enhance their competitive position in the marketplace.

The Requisite Skills That All Firms in an Industry Must