According to the Resource-Based Theory, _____ of an Asset Is

question 35

Multiple Choice

According to the resource-based theory, _____ of an asset is one of the four qualities that makes it a strategic resource for a business.

• A) availability
• B) dynamism
• C) rarity
• D) tangibility
• E) competitiveness

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Definitions:

JIT Partnership Goals

Objectives aimed at implementing Just-In-Time manufacturing principles, focusing on reducing inventory and waste while improving efficiency and responsiveness.

In-Transit Inventory

Goods and materials that are in the process of being transported from one location to another, but have not yet reached their final destination.

JIT

Just-In-Time, an inventory management strategy that aims to reduce waste by receiving goods only as they are needed in the production process, thereby reducing inventory costs.

Close Relationships

Bonds or connections characterized by strong emotional ties, mutual support, and ongoing personal interaction.