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The Value of a Firm's Resources and Capabilities Will Generally

question 85

True/False

The value of a firm's resources and capabilities will generally manifest itself in either higher revenues or lower costs or both once a firm starts using these resources and capabilities to exploit opportunities or neutralize threats.


Definitions:

Acquittal

A legal judgment that a person is not guilty of the crime with which they have been charged.

Representativeness Heuristic

A cognitive shortcut that involves making judgments about the probability of an event under uncertainty, based on how much it resembles available prototypes.

Death Penalty

A legal punishment where an individual is put to death by the state as a penalty for a crime.

Representativeness Heuristic

A mental shortcut used when making judgments about the probability of an event under uncertainty, based on how similar it is to our stereotypes of similar occurrences.

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