Which of the Following Best Explains the Resource-Based View of the Firm

question 50

Multiple Choice

Which of the following best explains the resource-based view of the firm? 

• A) Business success is primarily achieved through deploying a company's unique resources. 
• B) Business success is primarily achieved through fierce competition. 
• C) Business success is primarily achieved through cost cutting. 
• D) Business success is primarily achieved through luck.

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Definitions:

Units of Quiche

Specific portions or quantities of quiche, often used in the context of production or sales.

Pareto Optimal Allocation

An allocation of assets where improving the situation of one person necessitates detriment to another.

Utility Function

Represents the consumer's preference ranking for various bundles of goods, showing the level of satisfaction for each bundle.

Initial Endowment

The initial quantity of goods, services, or resources that an individual or entity possesses before entering into any exchange or economic activity.