A(n)_____ Exists When Multiple Resources Are Integrated and Then Deployed

question 77

Multiple Choice

A(n) _____ exists when multiple resources are integrated and then deployed to the firm's advantage.

• A)networked resource
• B)common intangible
• C)capability
• D)industry edge

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Definitions:

Economic Practice

A system or set of methods followed in the management and administration of economic affairs.

Price Difference

The disparity in the cost between two related goods, markets, or time periods.

Long-run Equilibrium

A state in which all factors of production and outputs are variable, leading to a situation where all firms in a market are making normal profit.

Perfectly Competitive

characterizes a market structure where there are many buyers and sellers, all selling homogeneous products, with no single participant able to influence the market price of the product.