Which of the Following Conditions Must Be Met If a Firm's

question 71

Multiple Choice

Which of the following conditions must be met if a firm's resources are to be used to achieve a sustainable competitive advantage?

• A) The resources must be low-cost and commutable.
• B) The resources must be controlled by other competing firms.
• C) The resources must be perfectly imitable.
• D) The resources must be valuable, rare, and nonsubstitutable.

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Definitions:

Cases

Instances or occurrences of a particular disease or condition being studied.

Measured Variables

Variables in an experiment or observational study that are quantified or recorded by the researcher.

Units

Basic quantities or components that serve as a standard of measurement in scientific observations or calculations.

Boxplots

A standardized way of displaying the distribution of data based on a five-number summary: minimum, first quartile, median, third quartile, and maximum.