For a Resource to Be Able to Generate Temporary Competitive

question 52

Multiple Choice

For a resource to be able to generate temporary competitive advantage over rivals,it must be​

• A)​Valuable
• B)Rare
• C)Valuable and rare
• D)​Not valuable but rare

Gain knowledge on vehicle instrumentation customization and maintenance techniques.

Understand the basic principles of electrical testing and diagnostics in vehicle systems.

Learn about the operational principles of vehicle electronic devices and their components.

Understand safety precautions for starting and charging systems.

---

Definitions:

Below-Average Earnings

refer to income levels that are lower than the average earnings within a specified population or employment sector.

Social Security System

A government program that provides financial assistance to people with inadequate or no income, especially the elderly and disabled.

Highest-Valued Alternative

The best next option forgone as a result of making a particular decision, often related to the concept of opportunity cost.

Production Possibilities Curve

A curve that outlines all possible combinations of total output that could be produced, assuming (1) a fixed amount of productive resources, (2) a given amount of technical knowledge, and (3) full and efficient use of those resources. The slope of the curve indicates the amount of one product that must be given up to produce more of the other.