Capabilities Are Non-Substitutable When

question 33

Multiple Choice

Capabilities are non-substitutable when:

• A) there are no direct substitutes in the five forces model.
• B) the firm's products cannot be a substitute for others' products.
• C) the switching costs in the industry are very high.
• D) they do not have strategic equivalents.

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Definitions:

Presidential Veto

A power granted to the President of the United States to reject a bill passed by Congress, preventing it from becoming law without further congressional action.

Congress

A national legislative body, particularly in the United States, consisting of two houses: the Senate and the House of Representatives, responsible for making federal laws.

Inherent Powers

Powers that are not explicitly stated but are implied in the constitution, allowing government to perform actions necessary for its functioning.

Legal Authority

The legally sanctioned power given to individuals or entities to make legal decisions, enforce laws, and administer justice.