In the Context of Sustainable Competitive Advantage, Unlike Rare Resources

question 15

Multiple Choice

In the context of sustainable competitive advantage, unlike rare resources, nonsubstitutable resources cannot be:

• A) used by firms to improve their effectiveness.
• B) controlled or possessed by many competing firms.
• C) replaced by other resources to produce similar value.
• D) used to sustain a competitive advantage.

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Definitions:

Globalization

Globalization is the process of increased interconnectedness and interdependence among countries, particularly in terms of economic, cultural, and political exchanges, facilitated by advances in communication and transportation technologies.

Populations

Groups of individuals belonging to the same species that live in a shared region and interbreed.

Modernization

The transition from traditional to contemporary forms of society, often characterized by technological, social, and economic changes.

Subprocesses

The distinct and smaller sequences of activities or steps that form part of a larger process or operation.