The Competitive Advantage That One Firm Has Will Be Short-Lived

question 69

Multiple Choice

The competitive advantage that one firm has will be short-lived in an industry where

• A) resource immobility is high.
• B) perfect competition exists.
• C) resource heterogeneity is high.
• D) capabilities of a firm are not easily replicable.

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Definitions:

Manufacturing Sector

The segment of an economy that is involved in the production of goods using labor, machinery, and tools.

Developing Countries

Refers to nations with lower levels of income, industrialization, and often a lower Human Development Index compared to developed countries.

Industrial Market Countries

Nations with economies mainly based on industrial production and services, with advanced technological infrastructure.