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Keith is setting up a new bar in his locality.He knows that there are only a handful of bars in the area where he wishes to conduct business.He locates his bar at one of the four corners at a busy intersection.The other three corners are occupied by a clothing outlet, a restaurant, and a library, respectively.Keith knows that his bar's location gives him a competitive advantage.In the context of the components of resource-based analysis, Keith is able to achieve competitive advantage because his product or service is ________.
A-not-B Error
A cognitive error observed in infants, where they search for an object at a location (A) where it was previously found, despite seeing it moved to a new location (B).
Piaget
A Swiss psychologist known for his pioneering work in child development, focusing on how children learn and adapt to their environment through stages.
Infants
Very young children, typically under the age of one year, who are in the earliest stages of physical and cognitive development.
Psycholinguistic Theory
The view that language learning involves an interaction between environmental influences and an inborn tendency to acquire language.
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