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:

International HRM

The process of managing and directing human resources across international boundaries, focusing on global employment strategies and standards.

Programs Creation

The process of developing and implementing structured sets of activities designed to achieve specific objectives.

Implementation Strategies

Plans and actions developed to effectively roll out and establish programs, policies, or changes within an organization.

Human Resource Management

The strategic approach to the effective management of people in an organization to help it gain a competitive advantage.