Because the Firm Combines Tangible and Intangible Resources to Create

question 91

Multiple Choice

Because the firm combines tangible and intangible resources to create capabilities,

• A) these capabilities are fragile and subject to sudden loss of value.
• B) they are often based on developing, carrying, and exchanging information and knowledge through the firm's human capital.
• C) they are easily transferred from one firm to another as employees change jobs.
• D) these types of capabilities are considered primary activities in the value chain.

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Definitions:

Total Revenue

The overall amount of money generated by a business from selling its goods or services before any costs are subtracted.

Elastic Than Industry

A condition or scenario where a particular firm or product has a higher sensitivity to price changes compared to the overall industry.

Monopolist

A single seller in a market, possessing significant market power, and facing little to no competition in offering a unique product or service.

Elastic Segment

A section of the demand curve where consumers are highly responsive to changes in price, indicating elasticity of demand.