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Describe the Four Specific Criteria That Managers Can Use to Decide

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Essay

Describe the four specific criteria that managers can use to decide which of their firm's capabilities have the potential to create a sustainable competitive advantage.


Definitions:

License Fee

A payment required for the permission to use someone else's property or intellectual property rights, such as software, music, or brand names, under specified conditions.

Legal Regulations

Rules or directives made and maintained by authority, governing behavior within a specific system, often within the context of industries, professions, or societal laws.

Emancipated

A legal status achieved by a minor, often through a court decision, which grants them the rights and responsibilities of adulthood.

Restrictive Laws

Laws designed to limit or regulate certain behaviors, often for the sake of public safety, welfare, or morality.

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