A Variety of Firm Resources Include Interpersonal Relations Among Managers

question 25

Multiple Choice

A variety of firm resources include interpersonal relations among managers in the firm, its culture, and its reputation with its suppliers and customers. Such competitive advantages are based upon

• A) social complexity.
• B) path dependency.
• C) physical uniqueness.
• D) tangible resources.

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Definitions:

Backlash

A strong and negative reaction against a social or political change, often aimed at reasserting traditional norms and values.

Concept

An abstract idea or a mental symbol that represents a thing, category, or quality, forming the basis of human knowledge and understanding.

Internalize

The process by which individuals absorb and integrate the values, norms, and beliefs of their society into their own consciousness.

Devaluation

The process of reducing or underestimating the worth or importance of something or someone.