When a Resource or Capability Is Valuable,rare,costly to Imitate,and Nonsubstitutable,firms

question 9

Multiple Choice

When a resource or capability is valuable,rare,costly to imitate,and nonsubstitutable,firms may obtain:

• A) a temporary competitive advantage.
• B) a complex competitive advantage.
• C) competitive parity.
• D) a sustainable competitive advantage.

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Definitions:

Value

The importance, worth, or usefulness of something, often influencing decisions and behaviors.

Mental

Pertaining to the mind or psychological processes, including thoughts, emotions, and cognitive functions.

Accountability

The responsibility to report, explain, and be answerable for resulting consequences of one's actions.

Task Activities

Actions or steps taken by individuals or groups to accomplish a specific task or assignment.