The Concept That Explains Firms Possessing Different Bundles of Resources

question 10

Multiple Choice

The concept that explains firms possessing different bundles of resources is

• A)Resource heterogeneity
• B)Resource immobility
• C)Barriers to entry
• D)imitability

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Definitions:

Compounded Annually

The method of gaining interest on the original principal as well as on the interest accrued from prior periods, computed annually.

Eating Establishments

Businesses that serve food and beverages for consumption by the public, such as restaurants and cafes.

Operational

Referring to the day-to-day activities, processes, and functionalities of a business or organization.

Rate of Interest

The percentage of a sum of money charged for its use, typically expressed as an annual rate.