Resources Are a Source of Competitive Advantage When They

question 83

Multiple Choice

Resources are a source of competitive advantage when they

• A) Are difficult to imitate.
• B) Are well organized.
• C) Are rare.
• D) Create customer value.
• E) Are any or all of these.

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Definitions:

Labor Supply

The total hours that workers or employees are willing to work at a given wage rate, or the availability of workers available to work in an economy.

Flexible Manufacturing

A system that allows for easy adaptation to changes in product design and demand by using versatile equipment and computer systems.

Remote-Controlled Carts

Wheeled conveyances operated from a distance using electronic remote control, often utilized for carrying goods or performing specific tasks.