The Resource-Based View of Competitive Advantage States That for a Firm

question 11

Multiple Choice

The resource-based view of competitive advantage states that for a firm to maintain sustainable competitive advantage it must control a set of exploitable resources that have four critical characteristics. What are these characteristics?

• A) inventory turns, high margins, long account payable periods, brand building relationships
• B) operational effectiveness, strategic positioning, scale, distribution channels
• C) rareness, value, imperfect imitability, non substitutability
• D) a web site, an app, cloud-based systems, a savvy technology staff

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Definitions:

Lens

A curved piece of glass or other transparent material that focuses or disperses light rays, used in glasses and cameras.

Fovea

The central focal point in the retina of the eye, around which the cones are densely packed for high visual acuity.

Retina

A layer at the back of the eyeball containing cells that are sensitive to light and trigger nerve impulses that pass via the optic nerve to the brain, where a visual image is formed.

Thalamus

A part of the brain that acts as a principal relay station for transmitting sensory information.