If an Organisation Possesses Unique Resources and Capabilities That Enable

question 93

Multiple Choice

If an organisation possesses unique resources and capabilities that enable it to positively differentiate itself from its competitors in a given marketplace,it is said to possess:

• A) a sound strategy
• B) a competitive advantage
• C) a viable strategic plan
• D) an effective senior management team
• E) a competitive plan.

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Definitions:

Esteem Needs

A concept in Maslow's hierarchy of needs representing the desire for respect, self-esteem, and the esteem from others.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow that categorizes human needs into a hierarchical structure, beginning with physiological needs and progressing to self-actualization.

Social Status

The position or rank of a person within the societal hierarchy, influenced by factors such as wealth, occupation, education, and family background.

Humanistic Theory

An approach to psychology that emphasizes individual potential for growth and the role of unique perceptions in guiding behavior and mental processes.