Resources and Capabilities That Are Valuable, Rare, and Costly to Imitate

question 98

Multiple Choice

Resources and capabilities that are valuable, rare, and costly to imitate are best described as

• A) distinctive competencies.
• B) entry barriers.
• C) complementary resources and capabilities.
• D) sustainable distinctive competencies.

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Definitions:

Maturity

The specified date on which the principal amount of a bond, loan, or other financial instrument is due to be repaid.

Preferred Dividends

Payments made to preferred stockholders before any dividends are distributed to common stockholders, typically fixed and paid at regular intervals.

Cumulative Preferred Stock

A type of preferred stock that accrues dividends if payments are missed, ensuring shareholders receive these dividends before common stockholders in the future.

Voting Power

The ability of a shareholder or group of shareholders to influence the decisions of a company, often exercised through voting on corporate actions or board elections.