If a Firm's Resources and Capabilities Are Costly to Imitate

question 39

Multiple Choice

If a firm's resources and capabilities are costly to imitate because imitating firms do not understand the relationship between the resources and capabilities controlled by the firm.This firm's competitive advantage is protected from imitation by ________________.

• A) Path dependence
• B) Dependence complexity
• C) Causal ambiguity
• D) Social complexity

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Definitions:

Descriptive Statement

A statement that describes how the world is, based on observable facts without inferring causation or prescribing actions.

Rent Control

Government policies or regulations that limit the rent landlords can charge tenants, aiming to make housing more affordable.

Macroeconomist

An economist who studies broad economic factors affecting the economy as a whole, such as inflation, unemployment, and national income.

Positive Statement

An objective and fact-based statement that can be tested and validated, focusing on describing how the world is.