Unlike Valuable Resources, Rare Resources

question 57

Multiple Choice

Unlike valuable resources, rare resources:

• A) do not improve a firm's efficiency and effectiveness.
• B) are susceptible to changes in customer demands and preferences.
• C) need not be nonsubstitutable resources to produce a competitive advantage.
• D) are not controlled or possessed by many competing firms.

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Definitions:

Simplify

To reduce something to its simplest form or most basic elements.

Simplify

To make something less complex or less complicated, often by reducing it to its basic elements.

Simplify

To make something less complicated or easier to understand, often by reducing complexity.

Simplify

The process of making something easier to understand or less complex.