Which of the Following Must Be Met If a Firm's

question 41

Multiple Choice

Which of the following must be met if a firm's resources are to be used to achieve a sustainable competitive advantage?

• A) differentiation
• B) imperfectly imitable resources
• C) related diversification
• D) unrelated diversification
• E) a matrix organizational structure

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Definitions:

Enforceable Security Interest

A legal claim or lien on collateral that secures the fulfillment of a debt or obligation, which can be enforced in court.

Escrow

A financial arrangement where a third-party holds and regulates payment of the funds required for two parties involved in a given transaction, ensuring fair and secure dealing.

Collateral

An asset offered as security for a loan, which can be seized by the lender if the borrower defaults on the loan payments.

Security Agreement

A legal document that secures an interest in collateral for a lender in a secured transaction.