The Resource-Based View of the Firm

question 43

Multiple Choice

The resource-based view of the firm

• A)emphasizes that it is difficult to develop and sustain a competitive advantage based on resources alone.
• B)argues that the industry environment has a stronger influence on firms' ability to implement strategies successfully than does the competitor environment.
• C)calls for firms to focus on their homogeneous capabilities to compete against their rivals.
• D)suggests that vision and mission are closely linked to sustainable competitive advantage.

---

Definitions:

Human Resource Managers

Professionals responsible for overseeing employee-related aspects of a company, including recruitment, training, policy enforcement, and benefits administration.

Local Training

Training programs that are developed and delivered within a specific geographical location or community, often aimed at addressing the unique needs of the local workforce.

Host-Country Nationals

Employees who are citizens of the country in which a foreign subsidiary is located but are working for a multinational company.

Fair Labor Standards Act

An act that set rules for the employment of workers, including minimum wage levels, hours of work, and conditions for overtime.