According to the Resource-Based View of the Firm (RBV) Model

question 61

Multiple Choice

According to the resource-based view of the firm (RBV) model, what is the most likely source of competitive advantage for any firm?

• A) Ability to correctly identify opportunities and threats in the external environment.
• B) Ability to effectively establish barriers to entry that keep competitors out of the industry.
• C) Ability to use unique resources and capabilities to create value for customers.
• D) Ability to lobby government agencies and reduce the amount of government regulation.

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Definitions:

Exchange Rates

The rate at which one currency can be converted into another, indicating the quantity of one currency that can be exchanged for an alternative currency.

Eurodollars

U.S. dollars deposited in banks outside the United States, often used in international transactions.

American Dollars

The currency of the United States of America, widely used in international transactions and known as the USD.

European Banks

Financial institutions operating in Europe, subject to the region's regulatory frameworks, providing a range of banking and financial services.