If a Firm's Resources and Capabilities Are Costly to Imitate

question 7

Multiple Choice

If a firm's resources and capabilities are costly to imitate because imitating firms may not understand the relationship between the resources and capabilities controlled by a firm and that firm's competitive advantage, this competitive advantage is said to be protected from imitation by

• A) path dependence.
• B) causal ambiguity.
• C) unique historical conditions.
• D) social complexity.

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Definitions:

Organization

An entity comprising multiple people, such as a company or society, organized for a particular purpose.

Fulfillment Needs

Psychological or emotional needs that, when satisfied, lead to a sense of fulfillment or happiness, as conceptualized in theories of motivation such as Maslow's hierarchy of needs.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, arranging human needs into a hierarchy from physiological needs to self-actualization.

Primary Concern

Primary concern refers to the foremost issue or element that demands attention or resolution above all others in a given context.