What Does the Relational View of Competitive Advantage Propose

question 53

Multiple Choice

What does the relational view of competitive advantage propose?

• A) A strategic alliance has the potential to help a firm gain a competitive advantage when it joins together resources that are common, inexpensive, and easy to imitate.
• B) The locus of competitive advantage is often not found within the individual firm but within a strategic partnership.
• C) Strategic alliances fail to provide competitive advantage when they involve joining different parts of a firm's value chain, such as R&D and marketing.
• D) A firm has a competitive advantage over its rivals when it can provide goods or services similar to the competitors' at a higher price.

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Definitions:

Reflection

The process of thoughtfully considering one's actions, decisions, or experiences to gain insights or learn lessons.

Paraphrase

Rephrasing a set of ideas or a narrative in one's own words, differentiating from quoting by aiming to convey the original message more clearly or simply.

Summarization

The act of briefly stating the main points of something, often used in therapy to clarify and reflect on the content of a session.

Cultural Groups

Denotes groups of people sharing common cultural characteristics, traditions, language, or heritage.