Which of the Following Are the Four Focal Points of the Resource-Based

question 27

Multiple Choice

Which of the following are the four focal points of the resource-based view?

• A) Value, return on investment, imitability, organizational aspects of resources and capabilities
• B) Validity, return on investment, imitability, organizational aspects of resources and capabilities
• C) Value, rarity, imitability, operation
• D) Value, rarity, imitability, organizational aspects of resources and capabilities

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Definitions:

Strategic Behavior

Actions taken by firms or individuals with the aim of influencing the market or competitors to achieve a particular outcome or advantage.

Product Differentiation

A strategy that firms use to achieve market power. Accomplished by producing goods that differ from others in the market.

Barriers

Factors or conditions that obstruct entry into a market, restrict competition, or hinder business operations and growth.

Homogeneous Product

A product that is considered the same across different producers, making it indistinguishable in the eyes of the consumer.