A Firm's Resources and Capabilities Are Costly to Imitate

question 64

Multiple Choice

A firm's resources and capabilities are costly to imitate.This is because rival companies do not clearly understand the relationship between the resources and capabilities controlled by the firm.In this case,the firm's competitive advantage is protected against imitation by

• A) path dependence.
• B) dependence complexity.
• C) causal ambiguity.
• D) social complexity.

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Definitions:

Reliability

The consistency and dependability of a process, test, or system in performing and producing the same results under the same conditions.

Measures

Quantifiable indicators used to assess the performance, efficiency, or condition of a process, system, or project.

Developmental Purposes

The use of processes, activities, or strategies aimed at facilitating growth, skill acquisition, or improved performance for the benefit of an individual or organization.

Selection Criteria

The set of qualifications, skills, and experience that candidates must have to be considered for a job or task.