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:

Duty

A legal or moral obligation to act or refrain from acting in a certain way.

Sale of Goods

A commercial transaction involving the transfer of ownership of tangible personal property from a seller to a buyer for a price.

Disaffirm

The legal act of renouncing or repudiating a contract or agreement, particularly in cases where one party lacks the capacity to enter into the contract.

Contract of Purchase

A legal document outlining terms and conditions under which goods or services are sold by a seller to a buyer.