For a Resource or Capability to Be a Source of Competitive

question 9

True/False

For a resource or capability to be a source of competitive advantage,two conditions must be present: scarcity and relevance

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Definitions:

Standard Time

The predetermined amount of time allocated for the completion of a specific task, under normal working conditions.

Error Level

A measure of the frequency or magnitude of mistakes, inaccuracies, or deviations from a standard within a process or system.

Confidence

The feeling or belief that one can rely on someone or something; firm trust.

Sample Proportion

Sample proportion refers to the ratio of individuals in a statistical sample who have a particular attribute or characteristic, used in making inferences about a population.