CA Inter P6 · Chapter 11 · Question 9 of 11
Key Success Factors (KSFs) of an industry are best described as:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) The product attributes, competencies and resources that most affect a firm's ability to succeed competitively in that industry
Explanation
KSFs are the competitive factors that matter most for success in a particular industry, for example low-cost distribution, product innovation or brand image. All firms in the industry need to pay attention to them. They are industry-specific, unlike a single firm's own core competencies.
More Strategic Analysis: External Environment MCQs
- Q11Shakti Batteries notices that electric two-wheelers are spreading fast, battery chemistry is changing quickly and government incentives…
- Q1A new law requires all e-commerce companies to store customers' personal data within the country and obtain explicit consent before using…
- Q2An ageing population and the shift towards nuclear families, which change demand for healthcare and home services, are examples of which…
- Q3In Porter's five forces model, the threat of new entrants into an industry is LOW when:
- Q4The bargaining power of suppliers in an industry is likely to be HIGH when: