There Are Four Conditions That Must Be Met If a Firm's

question 36

True/False

There are four conditions that must be met if a firm's resources are to be used to achieve a sustainable competitive advantage. The resources must be valuable, rare, imperfectly imitable, and nonsubstitutable.

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Definitions:

Rorschach Test

A projective test, in which a person reacts to inkblots designed to help reveal psychological features of the person.

Cultural Response

The collective way in which a community or population reacts to an event, idea, or change, influenced by cultural norms and values.

Dominant-Culture Assessor

An individual evaluating from the perspective of the predominantly prevailing cultural norms and values.

Ethnic-Minority Assessor

A term possibly referring to professionals conducting assessments or research taking into account the specific cultural, social, and linguistic context of ethnic minorities.