Within the Resource-Based Model,what Is the Meaning of the Term

question 5

Multiple Choice

Within the resource-based model,what is the meaning of the term "resource heterogeneity"?

• A) bundles of resources and capabilities are fundamentally the same across firms within the same industry.
• B) bundles of resources and capabilities differ across firms
• C) resources don't move easily from firm to firm
• D) resources move easily from firm to firm

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Definitions:

Labor Demand

The total amount of workers that employers are willing and able to hire at a given wage rate in a particular market or industry.

Wage Rate

The amount of money paid to a worker per unit of time, serving as compensation for labor services.

Capital Stock

The total amount of physical and financial assets owned by a business or economy, crucial for production capacity.