A Resource-Based Strategy

question 29

Multiple Choice

A resource-based strategy

• A)focuses on exploiting a company's best-executed operating strategy.
• B)is based upon efficient performance of the company's primary value chain activities.
• C)concentrates on minimizing the costs associated with the design of a product or service.
• D)attempts to exploit resources in a manner that offers value to customers in ways rivals are unable to match.
• E)focuses on working with forward channel allies to develop capabilities to outmatch the capabilities of rivals.

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Definitions:

Payment

The transfer of money or goods from one party to another as compensation for receiving goods, services, or to fulfill a legal obligation.

Acceptance of Goods

The act of receiving a product or service and agreeing that it meets the contractual specifications and requirements.

Environmentally Preferable Purchasing (EPP) Program

A procurement policy that emphasizes buying products and services with a reduced environmental impact.

Federal Procurement

Federal procurement involves the process by which government departments or agencies purchase goods, services, and works from the private sector.