For a Resource to Provide a Firm with the Potential

question 20

Multiple Choice

For a resource to provide a firm with the potential for a sustainable competitive advantage,it must have four attributes.Which of the following is not one of these attributes?

• A) rare
• B) valuable
• C) easy for competitors to substitute
• D) difficult for competitors to imitate

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Definitions:

Inter-Entity Transactions

Transactions that occur between different entities within the same group, needing to be eliminated during consolidation to avoid double counting.

Foreign Exchange Gain

A profit resulting from changes in the exchange rate between the base currency used by a company and the foreign currencies in which it transacts.

Translating

The process of converting financial statements from one currency into another, typically for consolidation purposes.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, providing an overview of a business or person's financial condition.