When Strategic Managers Assess the Competitive Power of Company Resources

question 48

Multiple Choice

When strategic managers assess the competitive power of company resources, what matters is

• A)whether it helps differentiate a company's product offering from the product offerings of rival firms.
• B)whether the resource is really competitively valuable, if it is rare and something competitors lack, how hard it is to copy or imitate, and how easily it can be trumped by the substitute resource strengths and competitive capabilities of rivals.
• C)whether customers are aware of the resource and view it positively enough to boost the company's brand name reputation.
• D)whether the resource is something rivals are unable to perform, if it is an important differentiating product or service feature, how strongly it contributes to the company's brand image, and if it is the foundation of a cost-based advantage.
• E)whether the resource is technology based or based on superior marketing know-how.

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Definitions:

Double-Checking

The act of verifying or reviewing information, work, or details a second time to ensure accuracy or correctness.

Conversational Ritual

Patterns or practices followed during communication that serve to establish or maintain social bonds.

Rapport Talk

Talk focused on sharing information about relationships.

Relationship Information

Data or details that describe the nature of interactions, connections, or associations between individuals or entities.