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

question 61

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 for competitors 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) be an 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.

Analyze the impact of globalization and technological advancements on societal changes.

Distinguish between macrosociological and microsociological perspectives in analyzing societal issues.

Comprehend the historical development of sociological thought and its relevance to contemporary society.

Examine the role of social, political, and economic factors in shaping societal norms and values.

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Definitions:

Restitution

A legal process through which someone who has lost money or property to someone else's wrongful act is compensated by the person responsible for the loss.

Involuntary Bankruptcy

A legal process initiated by creditors to force a debtor into bankruptcy proceedings against their will.

Security

An investment instrument or collateral that signifies ownership or creditor relationship and may generate income.

Median Income

The middle income in a list of incomes sorted from lowest to highest, where half the incomes are above it and half are below it.