Due to Resource Immobility, a Critical Assumption in the Resource-Based

question 31

Multiple Choice

Due to resource immobility, a critical assumption in the resource-based model of a firm, the

• A) competitive advantage of a firm exists for a short period of time.
• B) resource bundles of a firm can be easily imitated by competitors.
• C) resource differences between firms last for a long time.
• D) competencies and capabilities of all firms in an industry are similar.

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Definitions:

Out-Of-Pocket

Expenses that are paid directly in cash or cash equivalents during a transaction, without any form of credit.

Medicare

A federal program that provides health insurance to people over the age of 65 and to certain younger people with disabilities.

Medicaid

A public health insurance program in the United States that provides health care services to low-income individuals and families.

Health Care Spending

The total amount of money spent on health care services and products in a country or region within a specified period.