The Resource-Based View Indicates That Firms Exhibit Different Performances Within

question 14

Multiple Choice

The resource-based view indicates that firms exhibit different performances within the same industry because

• A)there is less buyer power
• B)there are economies of scale present
• C)some firms have superior resources
• D)there is less competition

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Definitions:

Resource Utilisation

Refers to the efficient and effective use of resources, such as materials, labor, and capital, to achieve organizational or project objectives.

Quantity And Quality

Refers to the scale and standard of goods or services, emphasizing the importance of balancing both aspects to meet customer satisfaction.

Work Performance

The level of efficiency and effectiveness with which job duties and responsibilities are carried out by an employee.

Transformational Chain

A concept in change management, referring to the sequence of steps or activities that collectively support the complete transformation of an organization towards a desired state.