When the Knowledge of a Valuable and Rare Resource Diffuses

question 89

Multiple Choice

When the knowledge of a valuable and rare resource diffuses throughout an industry, the:

• A) firms in the industry will be better positioned to achieve competitive parity.
• B) ability to sustain a competitive advantage will be restricted to one firm.
• C) mobility and homogeneity of the resource will decrease.
• D) structure of the industry will no longer be perfectly competitive.

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Definitions:

Unconscious Drives

Deep-seated motivations or impulses within an individual's psyche that influence behaviors and thoughts without the individual's conscious awareness.

Instinct-Based View

A perspective in psychology that attributes certain behaviors and reactions to innate instincts.

Unconscious Motivation

Refers to the driving forces behind an individual's actions and thoughts that are not within their conscious awareness.

Reinforcement-Centered View

A perspective in psychology that emphasizes learning behaviors through the rewards and punishments received as consequences of those behaviors.