According to the Resource-Based Theory, Resources That Provide a Firm

question 59

Multiple Choice

According to the resource-based theory, resources that provide a firm a sustained competitive advantage are rare:

• A) dynamic, non-substitutable, and available.
• B) valuable, non-substitutable, and available.
• C) valuable, non-substitutable, and difficult to imitate.
• D) valuable, dynamic, and difficult to imitate.
• E) dynamic, distinctive, and difficult to imitate.

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Definitions:

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A word or phrase used to attract attention or signal something of importance within a text.

Problem And Solution

A framework or approach that identifies a specific issue and proposes one or more ways to fix or address it.

Cause And Effect

A relationship where one event (the cause) makes another event happen (the effect), indicating a connection between two phenomena.

Chronological

In order of time, usually from the earliest event to the latest.