The Competitive Power of a Company Resource Depends on

question 58

Multiple Choice

The competitive power of a company resource depends on

• A)whether it helps differentiate a company's product offering from the product offerings of rival firms.
• B)whether the resource is really competitively valuable,if it is rare and something competitors lack,how hard it is to copy or imitate,and how easily it can be trumped by the substitute resource strengths and competitive capabilities of rivals.
• C)whether customers are aware of the resource and view it positively enough to boost the company's brand name reputation.
• D)whether the resource is something rivals are unable to perform,if it is an important differentiating product or service feature,how strongly it contributes to the company's brand image,and if it is the foundation of a cost-based advantage.
• E)whether the resource is technology-based or based on superior marketing know-how.

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Definitions:

Legal Title

Legal title is the formal right of ownership of property, recognized and protected by law, which may be distinct from the actual possession or use of the property.

Forfeiture

The loss of property or rights as a penalty for wrongdoing, often related to criminal activity or breaches of contract.

Missed Payment

Failure to make a scheduled payment on a loan or other financial obligation by the due date.

Strict Foreclosure

A legal process by which a secured lender can take possession of the collateral property without the need to sell it, typically when the value of the collateral is less than the debt owed.