Firms That Possess and Exploit Costly-To-Imitate, Rare and Valuable Resources

question 65

Multiple Choice

Firms that possess and exploit costly-to-imitate, rare and valuable resources in choosing and implementing their strategies may enjoy a period of

• A) temporary competitive advantage.
• B) competitive disadvantage.
• C) competitive parity.
• D) sustained competitive advantage.

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Definitions:

Conventional

Pertaining to widely accepted standards or methods.

Use

The act of employing something for a particular purpose.

Mortgages

Loans used to purchase a property, where the property itself serves as security against the loan.

Conditional Sale Agreement

A contract for the sale of goods where the purchase price is paid in installments and the ownership (title) of the item does not pass to the buyer until certain conditions, often the full payment, are met.