To Have the Potential to Become Sources of Competitive Advantage,resources

question 48

Multiple Choice

To have the potential to become sources of competitive advantage,resources and capabilities must be valuable,____,and ____.

• A) common,easy to imitate.
• B) easy to imitate,difficult to implement.
• C) rare,costly to imitate.
• D) easy to implement,costly to imitate.

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Definitions:

Monopolization

refers to the domination by a single company of a particular market, often regarded negatively because it can restrict competition and harm consumers.

Market Power

Refers to the ability of a company to influence the price and production levels in a market due to its size or lack of competition.

Antitrust Laws

Legislation to promote fair competition for the benefit of consumers, by regulating anti-competitive conduct by companies.

Conglomerate Merger

A type of merger between companies that operate in entirely different industries.