A Resource-Based Strategy

question 33

Multiple Choice

A resource-based strategy

• A)is often based on cross-department combinations of intellectual capital and expertise.
• B)uses a company's valuable and rare resources and competitive capabilities to deliver value to customers that rivals have difficulty matching.
• C)is typically based on a stand-alone resource strength such as technological expertise.
• D)refers to a company's most efficiently executed value-chain activity.
• E)uses industry key success factors to provide a company with a core competence that rivals cannot effectively imitate.

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Definitions:

Balance Sheet

A statement of finance that shows a corporation's assets, liabilities, and owner's equity at a specific moment.

Balance Sheet

An accounting record that outlines a business's assets, obligations, and equity of shareholders at a designated time.

Total Asset Turnover Ratio

An indicator assessing the capability of a firm to turn its assets into sales revenue efficiently.

Net Income

The profit of a company after all expenses and taxes have been deducted from revenue.