When Resources and Capabilities Serve as a Source of Competitive

question 32

Multiple Choice

When resources and capabilities serve as a source of competitive advantage for a firm,the firm has created a(n) :

• A) Strategic mission
• B) Inspiring vision
• C) Core competence
• D) Sustainable market niche

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Definitions:

Uncontrollable

Describing events or processes that cannot be managed, directed, or restrained.

Human-Made

Refers to objects, environments, or processes that are created or significantly altered by humans, as opposed to occurring naturally in the environment.

Familiar

Well known from long or close association, giving a sense of comfort or recognition.

Systematic Desensitization

A therapeutic technique used to treat phobias and anxiety disorders by gradually exposing the patient to the feared object or situation in a controlled manner.