The Resource-Based View of Competitive Advantage States That for a Firm

question 11

Multiple Choice

The resource-based view of competitive advantage states that for a firm to maintain sustainable competitive advantage it must control a set of exploitable resources that have four critical characteristics. What are these characteristics?

• A) inventory turns, high margins, long account payable periods, brand building relationships
• B) operational effectiveness, strategic positioning, scale, distribution channels
• C) rareness, value, imperfect imitability, non substitutability
• D) a web site, an app, cloud-based systems, a savvy technology staff

Understand the interplay between cost-based and market-based transfer pricing methods.

Understand the strategic considerations in setting transfer prices, including tax implications and international operations.

Understand the principles and implications of transfer pricing within an organization.

Apply the general transfer-pricing formula to calculate optimal prices that support overall company interests.

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Definitions:

Peritubular Capillaries

Tiny blood vessels that travel alongside nephrons allowing reabsorption and secretion between blood and the inner lumen of the nephron.

Bowman's Capsule

A structure in the kidneys that encases the glomerulus and is involved in the filtration process of blood to form urine.

Glomerulus

A network of capillaries located at the beginning of a nephron in the kidney, crucial for the filtration of blood to form urine.

Nephron

The basic structural and functional unit of the kidney, responsible for filtering blood and producing urine.