A Resource-Based Strategy

question 33

Multiple Choice

A resource-based strategy

• A)is often based on cross-department combinations of intellectual capital and expertise.
• B)uses a company's valuable and rare resources and competitive capabilities to deliver value to customers that rivals have difficulty matching.
• C)is typically based on a stand-alone resource strength such as technological expertise.
• D)refers to a company's most efficiently executed value-chain activity.
• E)uses industry key success factors to provide a company with a core competence that rivals cannot effectively imitate.

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Definitions:

Down Payment

An initial upfront portion of the total amount due, often associated with the purchase of expensive goods like homes or cars, which is paid at the time of the sale.

Term Deposit

A deposit at a financial institution that has a fixed term and typically offers a higher interest rate than a regular savings account.

Simple Interest

A method of calculating interest where the charge is based on the original principal amount alone, without compounding.

Interest

Interest is the cost of borrowing money, typically expressed as a percentage of the principal amount.