In Order to Gain a Sustainable Competitive Advantage, Firms Must

question 19

Multiple Choice

In order to gain a sustainable competitive advantage, firms must both control and ________ resources and capabilities, according to the VRINE model.

• A) exploit
• B) value
• C) imitate
• D) develop

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Definitions:

Governmental Body

An organization or agency that is part of the government, responsible for enforcing laws, regulations, and providing public services.

Net Change

The difference between the closing price of a security on the trading day and its closing price on the previous trading day.

Wall Street Journal

A well-known international daily newspaper focusing on finance, business, and economic news, as well as market developments.

SOX

Refers to the Sarbanes-Oxley Act of 2002, a United States federal law that set new or expanded requirements for all U.S. public company boards, management and public accounting firms, aiming to protect investors from fraudulent financial reporting.