According to the Resource-Based Theory, Resources That Provide a Firm

question 59

Multiple Choice

According to the resource-based theory, resources that provide a firm a sustained competitive advantage are rare:

• A) dynamic, non-substitutable, and available.
• B) valuable, non-substitutable, and available.
• C) valuable, non-substitutable, and difficult to imitate.
• D) valuable, dynamic, and difficult to imitate.
• E) dynamic, distinctive, and difficult to imitate.

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Definitions:

Nontaxpayers

Individuals or entities that do not contribute to tax revenues, either because of low income, exemptions, or evasion.

Economic Incentive

A financial or non-financial reward used to motivate individuals or entities to pursue particular actions that align with economic goals or policies.

Cost-benefit Analysis

A methodical strategy for evaluating the advantages and disadvantages of different options to identify the most effective method to realize benefits while ensuring cost savings.

Government

The organization or system through which a community or nation is managed and regulated.