The Resource-Based View (RBV) of the Firm Combines Two Perspectives

question 11

Multiple Choice

The resource-based view (RBV) of the firm combines two perspectives

• A) the primary and support activities of the firm.
• B) the interrelationships among the primary activities of the firm and corporate management.
• C) the internal analysis of the firm as well as the external analysis of the industry and competitive environment.
• D) the industry and the competitive environment.

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Definitions:

Government

The government refers to the system or group of people governing an organized community, often a state, setting and enforcing laws and policies.

Benefits

The advantages or profits gained from something, including financial, health, or well-being improvements.

Production

The process of creating goods and services through the combination of labor, materials, and technology.

Optimal Quantity

The quantity of a good or service at which the total cost is minimized and the total revenue is maximized.