Even When a Particular Source of Cost Advantage Is Rare

question 78

True/False

Even when a particular source of cost advantage is rare, it must be costly to imitate in order to be a source of sustained competitive advantage.

---

Definitions:

Worker Self-Confidence

The belief employees have in their own abilities to carry out tasks and achieve goals.

Substitutes for Leadership

Factors or conditions that make the direct leadership less necessary or irrelevant, such as highly routine jobs or comprehensive work processes.

Work Setting

The surroundings, both social and physical, where individuals carry out their work.

Leader's Personal Involvement

The extent to which a leader engages personally and actively in the tasks and welfare of the group or organization.