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 ________.

• A)valuable
• B)nonsubstitutable
• C)durable
• D)rare

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Definitions:

Common Law

A legal system characterized by judicial decisions that are recognized as binding, forming a body of law developed through court decisions over time.

Checking Account

A bank account that allows depositors to write checks and make withdrawals, often used for daily financial transactions.

Drawer's Account

Refers to the account from which a check is drawn; the account belongs to the drawer (the person who writes the check).

Payee

A payee is a person or organization to whom money is paid or is to be paid.