In the Context of the Resource-Based Model of Competitive Advantage

question 51

Multiple Choice

In the context of the resource-based model of competitive advantage, if a successful firm exhibits resource immobility it means that the

• A) rival firms have better accessibility to quality resources, which they will be able to acquire and deploy to their benefit.
• B) firm will have a sustained competitive advantage because of its unique resources that are difficult for others to replicate that are difficult for others to replicate.
• C) competitors can easily replicate or copy the firm's resource bundles and capabilities.
• D) resources of the firm cannot be effectively deployed within its own organization.

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Definitions:

Market Orientation

A business philosophy where the focus is on identifying and meeting the needs and desires of customers through the product mix.

Dual-process model

A theory explaining human thought and behavior as the outcome of two distinct systems: one automatic and unconscious, and the other deliberate and conscious.

Restoration focused

Relates to efforts or methodologies aimed at restoring or revitalizing something to its original or a better state.