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:

Supply Curves

Graphical representations showing the relationship between the price of a good or service and the quantity supplied for a given period.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity supplied.

Supply Definition

The total amount of a specific good or service that is available to consumers, determined by various factors including price, technology, and inputs.

Fixed Price

A Fixed Price is a set cost for a product or service that does not change regardless of variations in market demand or supply.