Firms That Possess and Exploit Costly-To-Imitate, Rare and Valuable Resources

question 65

Multiple Choice

Firms that possess and exploit costly-to-imitate, rare and valuable resources in choosing and implementing their strategies may enjoy a period of

• A) temporary competitive advantage.
• B) competitive disadvantage.
• C) competitive parity.
• D) sustained competitive advantage.

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Definitions:

Ionic Compound

A chemical compound composed of ions held together by electrostatic forces termed ionic bonding, typically formed between metal and non-metal ions.

Ionic Charges

The electrical charge that an atom acquires when it gains or loses electrons in the formation of an ionic compound.

Cation

A cation is a positively charged ion that results from the loss of one or more electrons by an atom.

Anion

A negatively charged ion, attracted to the anode during electrolysis, typically formed by the gain of electrons.