Under the Resource-Based View of Competitive Advantage,firm Resources Such as Intellectual

question 2

Multiple Choice

Under the resource-based view of competitive advantage,firm resources such as intellectual knowledge and plant equipment are:

• A) Assets that are key to superior firm performance.
• B) Assets that may aid a firm but are not as important as the firm's strategic group.
• C) Needed in order to achieve economies of scale.
• D) Less important to competitive advantage than are resource immobility.

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Definitions:

Psychodynamic Approach

A psychological theory or approach that emphasizes the influence of the unconscious mind on behavior, originated by Sigmund Freud.

Psychology

Research focused on understanding the human brain and its activities, mainly as they impact behavior in certain situations.

Unconscious Mind

That part of the mind which is inaccessible to the conscious mind but that affects behaviors and emotions.

B.F. Skinner

Regarded as one of the most influential psychologists, Skinner is known for his work in behaviorism and the development of the operant conditioning theory.