The Resource-Based View of the Firm

question 115

Multiple Choice

The resource-based view of the firm:

• A) emphasizes that it is difficult to achieve and sustain a competitive advantage based on resources alone.
• B) argues that the industry environment has a stronger influence on firms' ability to implement strategies successfully than does the competitive environment.
• C) calls for firms to focus on their homogeneous capabilities to compete against their rivals.
• D) suggests that vision and mission are marketing messages not tied to strategic plans.

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Definitions:

Intimacy And Passion

Components of love in Sternberg's Triangular Theory of Love, where intimacy involves feelings of closeness, and passion involves physical attraction and sexual arousal.

Norms

Established standards of behavior and beliefs in a group or society.

Behavior

The actions or reactions of an object or organism, usually in relation to the environment or stimuli.

Role Conflict

A situation in which an individual faces conflicting expectations from different roles they fulfill in their life.