For a Particular Company Resource/capability to Have Real Competitive Power

question 14

Multiple Choice

For a particular company resource/capability to have real competitive power and perhaps qualify as a basis for competitive advantage, it should

• A) be hard to copy, be rare and something rivals lack, be competitively valuable, and not be easily trumped by substitute resource strengths possessed by rivals.
• B) be something that a company does internally rather than in collaborative arrangements with outsiders.
• C) be patentable.
• D) bean industry key success factor and occupy a prime position in the company's value chain.
• E) have the potential for lowering the firm's unit costs.

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Definitions:

Promissory Estoppel

A legal principle that prevents a person from going back on a promise, even if it was made without formal consideration, if another person reasonably relied on that promise to their detriment.

Accord And Satisfaction

A legal agreement between parties to settle a dispute where one party agrees to accept less than owed to resolve the claim.

Unique Framing

The practice of presenting or structuring information, concepts, or physical items in a distinctive or novel manner that sets them apart.

Original Contract

A primary agreement between parties before any amendments, modifications, or revisions.