What Is the Underlying Premise of the Resource-Based View

question 58

Multiple Choice

What is the underlying premise of the resource-based view?

• A) Firms generally have very similar capabilities stemming from almost identical resources
• B) Imitation of resources is the best way to achieve competitive advantages
• C) Firms differ in fundamental ways because each firm possesses a unique bundle of resources
• D) Firms' intangible resources can be very difficult to imitate

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Definitions:

Sustainable Business

A business model that operates in ways that do not deplete natural resources or harm the environment, ensuring long-term ecological balance.

Natural Environment

The physical, biological, and chemical surroundings in which living and non-living organisms interact.

Future Generations

The subsequent generations of people who will live after the current one and whose well-being is considered in long-term planning and environmental conservation.

Specific Environment

The unique external forces and conditions, including competitors, customers, and regulatory bodies, that directly affect how an organization operates.