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:

Ten Years

This term refers to a period or duration of ten consecutive years.

Index Number

A numerical indicator that reveals variations in a single variable or a collection of variables across a period.

Sales Increased

An upward trend in the quantity or volume of goods or services sold by a business within a particular time frame.

CPI Increased

A rise in the Consumer Price Index, indicating a general increase in the prices of consumer goods and services.