Having Valuable,but Common Resources/capabilities Leads To

question 38

Multiple Choice

Having valuable,but common resources/capabilities leads to:

• A) Competitive parity.
• B) Competitive advantage.
• C) Competitive disparity.
• D) Competitive disadvantage

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Definitions:

Productivity

The measure of efficiency in producing goods and services, typically quantified as the ratio of output to input in the production process.

Lumber

Processed wood used for building and construction.

Equilibrium Quantity

The quantity bought and sold at the equilibrium price.

Expensive

Describes goods or services that have a high price or cost, often relative to similar items.