Competitors Have Found It Extremely Difficult to Imitate Gene Electronics

question 72

Multiple Choice

Competitors have found it extremely difficult to imitate Gene Electronics Inc.'s valuable resources, capabilities, or competencies. This is primarily because the source for the company's success has been unclear. The competitors are uncertain if Gene Electronics Inc.'s success is due to its strong leadership, the skills of its research and development team, or the timing of the company' s product introductions. Gene Electronics Inc. has been protected from losing its competitive advantage as a result of

• A) time compression diseconomies.
• B) resource homogeneity.
• C) causal ambiguity.
• D) path dependence.

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Definitions:

Acceptance

In the context of contract law, when the terms of an offer are accepted, it leads to the formation of a contract that is enforceable by law.

Effective

Producing a decided, decisive, or desired effect or result; in full force.

Forum Selection Clause

A contract provision that determines the location and jurisdiction in which disputes will be resolved.

Incorporated

The process by which a business takes on legal status as a corporation, which is recognized as a separate legal entity from its owners, with rights to own assets, incur liabilities, and sue or be sued.