Resources Can Be a Source of Competitive Advantage If a Firm

question 65

Multiple Choice

Resources can be a source of competitive advantage if a firm can

• A) Secure strong financial backing from stakeholders.
• B) Embrace constant industry change.
• C) Identify important core competencies.
• D) Maintain a knowledgeable worker base.
• E) Secure exclusive rights to technological applications.

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Definitions:

Learning

The acquisition of knowledge or skills through experience, study, or by being taught.

Food And Water

Essential nutrients and hydration necessary for survival, growth, and health.

Cannon-Bard Theory

A theory of emotion that proposes that emotions and bodily changes occur simultaneously following a stimulating event, contrary to the sequential theory proposed by James-Lange.

James-Lange Theory

A hypothesis that suggests emotions occur as a result of physiological responses to external events.