The Competitive Power of a Company's Resource Strength Is NOT

question 94

Multiple Choice

The competitive power of a company's resource strength is NOT measured by which one of the following tests?

• A) Is the resource rare and something rivals lack?
• B) Is the resource strength something that a company has internally rather than in collaborative arrangements with outsiders?
• C) Is the resource strength easily trumped by the substitute resources/capabilities of rivals?
• D) Is the resource strength hard to copy?
• E) Is the resource strength competitively valuable, having the potential to contribute to a competitive advantage?

Distinguish between different punishment philosophies and their implications for sentencing.

Understand the implications of sex offender legislation and the categorization of offenders.

Appreciate the complexities and challenges in collecting and interpreting data on crime, particularly internet solicitation.

Understand the emergence and characteristics of new criminal classes in the 1990s.

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Definitions:

Capital

Refers to financial assets or the financial value of assets, such as cash and investments, as well as physical assets like machinery or buildings, used in the production of goods and services.

Fixed Proportions

A production scenario where inputs are used in a constant ratio, regardless of the level of output.

Coefficient of Elasticity

A measure used in economics to quantify how responsive the quantity demanded or supplied of a good is to a change in one of its determinants, such as price.

Labor Demand

The sum total of labor that employers are keen and able to take on at a certain wage level throughout a defined period.