A ________ Is One or More Resources or Capabilities a Company

question 42

Multiple Choice

A ________ is one or more resources or capabilities a company possesses that few other firms have.

• A) factor endowment
• B) country-specific advantage
• C) comparative advantage
• D) monopolistic advantage

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Definitions:

Contractual Term

A provision or condition outlined in a contract that defines the obligations, rights, and duties of the parties involved.

Novation

The creation of a new contract through the substitution of a third party for one of the original parties to a contract by the consent of all.

Third Party

An entity not directly involved in a transaction or legal agreement but who may be affected by it.

Force Majeure

A contractual clause that frees both parties from liability or obligation when an extraordinary event or circumstance beyond their control occurs.