The Resource-Based View of a Firm Assumes That the

question 75

Multiple Choice

The resource-based view of a firm assumes that the

• A) resources of firms are highly scarce and hence the government interferes to ensure equal distribution.
• B) resources of firms are highly exhaustible and hence they cannot contribute to their competitive advantage.
• C) resource bundles of firms competing in the same industry are unique to some extent and thus differ from one another.
• D) resource bundles of firms competing in the same industry tend to be highly mobile, moving easily from firm to firm.

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Definitions:

Vision

The ability to perceive the environment through light in the form of images interpreted by the brain via the eyes.

Blindsight

A condition where individuals can respond to visual stimuli without consciously perceiving them, typically as a result of damage to the primary visual cortex.

Visual Information

Visual information refers to data perceived through the sense of sight, involving the processing and interpretation of images by the visual system to understand one's environment.

Conscious Awareness

The state of being awake and aware of one's thoughts, feelings, sensations, and environment.