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.

---

Definitions:

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be used by everyone and one person's use does not reduce availability to others, such as public parks and national defense.

Fiscal Policy

Changes in government spending and tax collections designed to achieve full employment, price stability, and economic growth; also called discretionary fiscal policy.

Taxes

Mandatory financial charges imposed by a government on individuals, corporations, and other entities to fund public expenditures.

Government Spending

The total amount of public funds that a government disburses on various services and projects.