When Firm Has Resources and Capabilities That Are Valuable and Rare

question 36

Multiple Choice

When firm has resources and capabilities that are valuable and rare only,then it has:

• A) Competitive ambiguity
• B) Competitive parity
• C) Sustained competitive advantage
• D) By definition, temporary competitive advantage

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Definitions:

Alcoa Case

A landmark antitrust case involving the Aluminum Company of America (Alcoa), which set standards on monopolies and competition law.

Industry Structure

The characteristics and organization of an industry, including the number of firms, level of competition, and market dominance.

Antitrust Laws

Legislation designed to promote fair competition for the benefit of consumers, preventing monopolies and promoting a competitive market environment.

U.S. Steel Case

A landmark antitrust case involving the United States Steel Corporation which tested the antitrust laws and monopolistic practices in the early 20th century.