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In the Context of the Components of Resource-Based Analysis, If

question 27

Multiple Choice

In the context of the components of resource-based analysis, if a firm's resource or capability cannot be replaced easily by something else then it is said to be ________.


Definitions:

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Commodity

A basic asset deployed in commercial transactions that is exchangeable with other assets of the same classification.

Maximise

To maximize something to its utmost potential or level.

Input

The resources such as labor, materials, and capital used in the production process to produce output.

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