If a Resource or Capability Is Valuable and Rare but Not

question 32

Multiple Choice

If a resource or capability is valuable and rare but not costly to imitate, exploiting this resource will generate a(n)

• A) sustained competitive advantage.
• B) perfectly competitive environment.
• C) temporary competitive advantage.
• D) environment characterized by competitive parity.

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Definitions:

Prejudice

A preconceived opinion that is not based on reason or actual experience.

Hindsight Bias

The inclination to believe, after an event has occurred, that one would have predicted or expected the outcome.

Stereotype

A widely held but oversimplified and generalized belief about a particular category of people or things.

Negative Emotion

Emotional states considered to be unpleasant or harmful, such as sadness, anger, fear, and jealousy.