Which of the Following Best Describes Rarity

question 57

Multiple Choice

Which of the following best describes rarity?

• A)It refers to the characteristics that make a resource or capability difficult to imitate.
• B)It is an attribute of a resource that describes its worth or utility.
• C)It is an attribute of a resource which means to be uncommon, or not available to other competitors.
• D)It refers to an organization's ability to exploit profit returns generated by its unique and valuable resources.

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Definitions:

Fashion Product

A commodity related to the fashion industry, including clothing, accessories, and footwear, designed to satisfy consumer tastes and preferences.

Life Cycle Curve

A graphical representation of the stages through which a product goes from its introduction to the market through its growth, maturity, and eventual decline.

Early Adopters

A category of consumers who are among the first to purchase and use a new product or technology, often before the wider market adoption.

Product Life Cycle

The advancement of a product through phases such as its launch, growth, peak, and eventual decline in the marketplace.