What Is the Underlying Premise of the Resource-Based View

question 58

Multiple Choice

What is the underlying premise of the resource-based view?

• A) Firms generally have very similar capabilities stemming from almost identical resources
• B) Imitation of resources is the best way to achieve competitive advantages
• C) Firms differ in fundamental ways because each firm possesses a unique bundle of resources
• D) Firms' intangible resources can be very difficult to imitate

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Definitions:

Economic Health

An assessment of the overall status and functioning of an economy, typically measured by indicators such as GDP, unemployment rates, and inflation.

Consumer Purchase Behaviour

The decision-making processes and acts of individuals involved in buying and using products.

Fully Recovered

The state of having completely regained health, strength, or a previous position or condition after a setback or illness.

G7 Nation

Refers to a group of seven major advanced economies: Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, which discuss and collaborate on economic policies.