The Resource-Based View of the Firm

question 43

Multiple Choice

The resource-based view of the firm

• A)emphasizes that it is difficult to develop and sustain a competitive advantage based on resources alone.
• B)argues that the industry environment has a stronger influence on firms' ability to implement strategies successfully than does the competitor environment.
• C)calls for firms to focus on their homogeneous capabilities to compete against their rivals.
• D)suggests that vision and mission are closely linked to sustainable competitive advantage.

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Definitions:

Developmental Period

A specific phase in an individual's life marked by unique physical, psychological, or emotional growth and change.

Sexual Maturity

The stage in which an individual reaches full reproductive ability and exhibits secondary sexual characteristics.

Adolescence

A developmental stage that occurs between childhood and adulthood, marked by significant physical, psychological, and social changes.

Secondary Sex Characteristics

Physiological signs of sexual maturation (such as breast development and growth of body hair) that do not involve the sex organs.