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:

Wrong or Injury

A harm or violation suffered by an individual, either physically or legally, which may be redressed by legal action.

Intentional Torts

Deliberate acts carried out by one party intending to cause harm or consequences to another party, leading to liability.

Negligent

Failing to exercise the care that a reasonably prudent person would exercise in similar circumstances, resulting in harm or damage.

Strict Liability

Strict liability is a legal doctrine that holds a party responsible for their actions or products, without the plaintiff having to prove negligence or fault.