Which of the Following Is the Implication for Action Based

question 14

Multiple Choice

Which of the following is the implication for action based on the information in this chapter?

• A) Managers need to build firm strengths based on the VRIO framework
• B) Relentless imitation or benchmarking, while important, is not likely to be a successful strategy
• C) Managers need to build up resources and capabilities for future competition
• D) All of these answers

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Definitions:

Sale of Land

The transfer of ownership and title of a parcel of real property from one party to another, typically through a purchase agreement or contract.

Statute of Frauds

A legal principle requiring certain contracts to be in writing and signed by the parties to be enforceable.

Attached to Land

Refers to something that is physically or legally connected to a piece of land, such as a building or a fixture, which becomes part of the real property.

Admission Exception

A principle in evidence law that allows certain statements that would normally be considered hearsay to be admissible as evidence in court.