According to the Resource-Based View,a Necessary Condition for Competitive Advantage

question 1

Multiple Choice

According to the resource-based view,a necessary condition for competitive advantage is that:

• A)resources are heterogeneous and immobile between organisations
• B)all resources are unique
• C)all resources can be imitated
• D)all resources are interchangeable

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Definitions:

Internal Rate

Refers to the rate of growth a project is expected to generate.

Return Method

A sales return approach where the selling price of returned goods is deducted from gross sales to calculate net sales.

Capital Investment Analysis

The process by which management plans, evaluates, and controls long-term capital investments involving property, plant, and equipment.

Fixed Assets

Fixed Assets are long-term tangible assets purchased for use in business operations, intended to be used for more than one accounting period.