To Have the Potential to Become Sources of Competitive Advantage

question 8

Multiple Choice

To have the potential to become sources of competitive advantage, resources and capabilities must be non-substitutable, valuable, __________, and __________.

• A) unique; easy to imitate
• B) easy to imitate; difficult to implement
• C) rare; costly to imitate
• D) easy to implement; unique

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Definitions:

Annuity Payment

A fixed sum of money paid to someone each period, typically for the rest of their life or for a fixed number of years.

Insurance Proceeds

The payment received by an insured party from an insurance company in the event of a claim.

Lump Sum

A one-time transaction conducted at a specific moment, rather than multiple smaller payments or installments.

Ordinary Annuity

Consecutive settlements of equal value made at the end of each period over an established length of time.