Imitation by Rivals Is Most Challenging When

question 15

Multiple Choice

Imitation by rivals is most challenging when

• A)resources are unique.
• B)resources must be built over time.
• C)capabilities reflect a high level of social complexity and causal ambiguity.
• D)resources and capabilities require a high level of capital investment.
• E)resources and capabilities are accessible and require low levels of investment.

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Definitions:

Surplus

In economic terms, a situation where the quantity of a good or service available exceeds the quantity demanded at a specific price.

Binding Price Floor

A government or regulatory-imposed price control set above the equilibrium price, which prevents the market price from falling below that level.

Potential Sellers

Potential sellers are individuals or entities that may be willing to sell goods or services under the right conditions.

Price Floor

A government-imposed minimum price charged on a product, below which it cannot be sold to prevent market prices from falling too low.