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How Does the Resource-Based View Answer the Big Question in Global

question 44

Essay

How does the resource-based view answer the big question in global business: What determines the success and failure of firms around the globe?


Definitions:

Potential Liability

The possibility of being responsible for future legal judgments or obligations due to current actions, circumstances, or contracts.

Contracts

Legal agreements between two or more parties that create mutual obligations enforceable by law.

Actual Authority

The express and implied powers a principal intentionally grants to its agent.

Implied Authority

Authority of an agent that is not expressly granted but is inferred from the acts or the conduct of the principal.

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