Which of the Following Is True About Rareness and Advanced

question 28

Multiple Choice

Which of the following is true about rareness and advanced factors of production?

• A) Process knowledge, organizational architecture, and intellectual property are more difficult to imitate which results in a better chance in achieving long-term, sustainable competitive advantage.
• B) Intellectual property is the only advanced factor of production that is unique enough to capture long-term, sustainable competitive advantage.
• C) Since most process knowledge and organizational architecture is purchased from outside providers, it can be copied by other firms and does not lead to the rarity necessary to result in long-term, sustainable competitive advantage.
• D) Advanced factors of production are not able to capture the uniqueness that basic factors of production can achieve and therefore do not factor into the pursuit of long-term, sustainable competitive advantage.
• E) Advanced factors of production are less likely to be rare and are in general easier for rivals to imitate resulting in the inability for firms to achieve long-term, sustainable competitive advantage.

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