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:

Capital Production

The process of creating goods and services through the combination of labor, land, and capital.

Rich and Poor Countries

The classification of countries based on their economic status, with rich countries having high levels of income and wealth and poor countries having significantly lower levels.

Consumer Preferences

The particular goods and services that consumers demand, reflecting their tastes, desires, and needs.

Economic Shift

A significant change in the condition or direction of an economy, often marked by a variation in key economic indicators.