Having Valuable, but Common Resources/capabilities Leads To

question 22

Multiple Choice

Having valuable, but common resources/capabilities leads to:

• A)Competitive parity.
• B)Competitive advantage.
• C) Lack of competition.
• D) Competitive disadvantage.

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Definitions:

FTC Commissioners

Officials appointed to the Federal Trade Commission (FTC), a U.S. federal agency, responsible for enforcing antitrust and consumer protection laws.

Staggered Terms

A system used in boards and committees where members are elected for different lengths of time, so not all members are replaced at once.

Fixed Terms

Contracts or agreements that are set for a specific, unchangeable duration of time, specifying start and end dates.

FTC Act

The Federal Trade Commission Act, a law established to prevent unfair business practices and protect consumers by promoting competition.