All of the Following Are Assumptions of the Resource-Based Model

question 30

Multiple Choice

All of the following are assumptions of the resource-based model EXCEPT

• A) Each firm is a unique collection of resources and capabilities.
• B) The industry's structural characteristics have little impact on a firm's performance over time.
• C) Capabilities are highly mobile across firms.
• D) Differences in resources and capabilities are the basis of competitive advantage.

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Definitions:

Competitor

An entity that competes in the same market for customers with another entity.

Game Theory

A theoretical framework for conceiving social situations among competing players. It is used in various fields, such as economics, political science, and psychology, to model strategic interactions.

John Von Neumann

A mathematician and polymath who contributed to many fields, including game theory, computer science, economics, and quantum mechanics.

Game Theory

A branch of mathematics and economics that studies decision-making in situations where the outcome depends on the actions of two or more decision makers.