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There Are Two Critical Assumptions Underpinning the Resource-Based Model of Competitive

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Essay

There are two critical assumptions underpinning the resource-based model of competitive advantage.One of these is resource heterogeneity.Briefly explain what this means.Provide one example of a heterogeneous resource.


Definitions:

Kinetic Energy

Kinetic energy is the energy that an object possesses due to its motion, calculated as one-half the mass of the object times the velocity squared.

High Versus Low

A comparative context often used to differentiate between two extremes, such as temperature, pressure, elevation, or density.

Total Amount

The complete quantity or sum of all the parts or elements present in a given content or composition.

Growth Time

The period required for an organism, cell, or organ to grow to its full size or for a population to double.

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