Final answer:
The statement is true, with IO theory focusing on industry factors and RBV emphasizing firm-specific resources and capabilities.
Step-by-step explanation:
True or false: Whereas IO theory emphasizes the influence of industry factors on firm performance, resource-based theory emphasizes the role of firm factors. The statement is true. Industrial Organization (IO) theory stresses the importance of external industry factors such as market structure and competition in shaping a firm's performance. In contrast, the Resource-Based View (RBV) emphasizes the internal resources and capabilities of a firm as the main drivers of competitive advantage and firm performance. Factors like firm-specific knowledge, patents, efficient processes, skilled personnel, and brand reputation are considered paramount in the RBV.