The Resource-Based Model of the Firm Argues That

question 56

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:

World Supply

Refers to the total amount of a particular good or service that is available for purchase on the global market.

Futures Market

A financial market where participants can buy and sell contracts for the delivery of assets at a future date, often used for hedging and speculation.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices.

Coffee Creamer

A dairy or non-dairy product added to coffee in order to enhance its flavor and texture.