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.

---

Definitions:

Planning Responsibilities

The obligations or tasks associated with developing effective plans for future activities or goals within an organization or individual’s life.

Monitoring Responsibilities

The duties involved in overseeing the performance and actions of individuals or systems to ensure desired outcomes.

Expanding Jobs

The process of increasing employment opportunities within an organization or economy, often by creating new positions or enlarging the scope of current roles.

Diagnostic Approach

A method of identifying problems or challenges through analysis and investigation, with the goal of determining the best strategies for addressing or resolving these issues.