Question: Which statement is NOT true about the S-C-P model? A. The S-C-P model was developed in the 1930s by a group of economists to understand

Which statement is NOT true about the S-C-P model?

A. The S-C-P model was developed in the 1930s by a group of economists to understand the relationship between a firms environment, its behavior, and its performance.

B. The S-C-P model is developed primarily for maximizing the social welfare.

C. The S-C-P model assumes that any competitive advantages a firm has in an industry must hurt society.

D. The S-C-P model assumes that at least some of the competitive advantages may exist because that firm addresses customer needs more effectively than its competitors.

According to the S-C-P model, attributes of the industry structure within which a firm operates define the range of options and constraints facing a firm.

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