If a Resource or Capability Is Durable, It Will Confer

question 58

True/False

If a resource or capability is durable, it will confer a sustainable competitive advantage upon the firm.

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Definitions:

Financial Distress

A situation where a company is struggling to meet its financial obligations, which may lead to bankruptcy or restructuring if not resolved.

Opportunity Costs

The financial loss associated with dismissing the next favorable option when deciding.

Receivables Period

The receivables period is the average amount of time it takes for a company to receive payments owed by its customers for goods or services sold on credit.

Payables Period

The length of time a company takes to pay its invoices to suppliers, reflecting its payment policy's efficiency.