One of the Assumptions Under the Resource-Based Model Made About

question 25

Multiple Choice

One of the assumptions under the resource-based model made about Southwest Airlines is that SWA has been able to sustain a competitive advantage because its resources and capabilities are difficult to imitate and do not easily leave the firm.What is this assumption called?

• A) Intangible immobility
• B) Resource immobility
• C) Managerial mobility
• D) Resource ambiguity

Understand the applications and limitations of contingency tables in statistical analysis.

Determine the significance of statistical evidence in chi-squared tests.

Understand the conditions necessary for performing chi-squared tests, including expected value calculations.

Recognize the relationship between chi-squared tests and other statistical tests for nominal data.

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Definitions:

Profit Maximizing

Profit maximizing is the process or strategy undertaken by a firm to determine the best output level and price point that leads to the highest profit.

Mechanics

A division of physics focused on understanding how objects move and the roles that forces play in affecting this motion.

Wages

Payments made to workers for their services, typically calculated on an hourly, daily, or piecework basis, and paid weekly, biweekly, or monthly.

Labor-Augmenting

Refers to technological advancements or improvements that increase the efficiency of labor, effectively enabling workers to produce more output.