The Resource-Based Model of the Firm Argues That

question 84

Multiple Choice

The resource-based model of the firm argues that

• A)all resources have the potential to be the basis of sustainable competitive advantage.
• B)resources alone can be a source of sustainable competitive advantage.
• C)the key to competitive success is the structure of the industry in which the firm competes.
• D)resources that are valuable, rare, costly to imitate, and non-substitutable form the basis of a firm's core competencies.

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Definitions:

Sole Proprietor

An individual who owns and operates a business alone, bearing full responsibility for all debts and obligations of the business.

Wrongful Conduct

Actions or behaviors by an individual or entity that are illegal, unethical, or otherwise deemed inappropriate by societal or legal standards.

Course Of Employment

The period or activities during which an employee is executing tasks or duties as part of their job.

Legal Entities

Organizations or structures that are recognized by law as capable of having legal rights and obligations.