Firms That Possess and Exploit Costly-To-Imitate, Rare and Valuable Resources

question 65

Multiple Choice

Firms that possess and exploit costly-to-imitate, rare and valuable resources in choosing and implementing their strategies may enjoy a period of

• A) temporary competitive advantage.
• B) competitive disadvantage.
• C) competitive parity.
• D) sustained competitive advantage.

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Definitions:

Respiration

The biological process involving the exchange of gases between an organism and its environment, enabling breathing.

Instinctive Behavior

Instinctive behavior is an innate, unlearned response pattern exhibited by an organism when presented with certain stimuli.

Epinephrine

A hormone and neurotransmitter also known as adrenaline, involved in the body's fight-or-flight response.

Vasopressin

A hormone produced by the hypothalamus and stored in the pituitary gland that regulates water balance in the body by reducing urine production; also known as antidiuretic hormone.