A Resource Is _____ to the Extent That It Helps

question 69

Multiple Choice

A resource is _____ to the extent that it helps a firm create strategies that capitalize on opportunities and ward off threats.

• A) rare
• B) difficult to imitate
• C) nonsubstitutable
• D) executable
• E) valuable

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Definitions:

Authorized Means

Officially approved or recognized methods or procedures for achieving a specified end.

Acceptance

In contract law, the agreement by the party receiving an offer to the terms of that offer, leading to a binding contract.

Contract

A legally binding agreement between two or more parties that outlines obligations they must fulfill.

Without Reserve

In auctions, this refers to items being sold with no minimum bidding threshold, indicating they will be sold to the highest bidder regardless of the price.