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:

Reinforced

Strengthened or made more effective through added support, material, or structure.

Eliminated

Refers to the removal or deletion of something, making it no longer present or effective.

Identified

Recognized or discovered to be a certain person or thing.

Extinction

The process by which a species, genus, or family becomes permanently extinct, marking the end of its survival on Earth.