To Have the Potential to Become Sources of Competitive Advantage

question 8

Multiple Choice

To have the potential to become sources of competitive advantage, resources and capabilities must be non-substitutable, valuable, __________, and __________.

• A) unique; easy to imitate
• B) easy to imitate; difficult to implement
• C) rare; costly to imitate
• D) easy to implement; unique

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Definitions:

Foreign Exchange Markets

Global decentralized or over-the-counter markets for trading currencies, determining the foreign exchange rates.

High Rates of Inflation

A situation where the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling, is significantly above the normal rate.

Rate of Inflation

The percentage increase in the price level of goods and services in an economy over a period of time, typically calculated annually.

U.S. Exports

Goods and services produced in the United States and sold to other countries, contributing to the country's GDP.