When Resources and Capabilities Serve as a Source of Competitive

question 34

Multiple Choice

When resources and capabilities serve as a source of competitive advantage for a firm, the firm has created a(n) :

• A) strategic mission.
• B) inspiring vision.
• C) core competence.
• D) sustainable market niche.

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Definitions:

Final Offer

The last proposal or bid one party makes during negotiations before ceasing discussions or resorting to alternative measures.

Negotiation Process

A structured interaction where two or more parties communicate to reach an agreement or resolve a dispute.

Landrum-Griffin Act

A 1959 United States federal law that aims to protect union members' rights and improve labor union governance and accountability.

Labor Union

A labor union is a legally constituted group of individuals working together to achieve shared, job-related goals, including higher pay and shorter working hours.