One of the Criteria for Creating a Competitive Advantage Through

question 128

Multiple Choice

One of the criteria for creating a competitive advantage through human resources is that they should be

• A)expensive.
• B)commonplace.
• C)inimitable.
• D)spontaneous.
• E)low cost.

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Definitions:

Industrial Policy

Industrial policy encompasses strategies and policies employed by a government to stimulate or regulate different sectors of its economy, aiming at enhancing competitiveness and economic growth.

Prime Objective

The main goal or target an individual, group, or organization aims to achieve.

Domestic Industries

Sectors of a country's economy that produce goods or services primarily for consumption within the same nation.

Clustering

Clustering is the grouping or gathering of objects, data points, or individuals based on similarities or common characteristics.