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:

References

Sources of information or individuals who can confirm or provide insights into the abilities, character, or qualifications of a person.

Burden

A duty or responsibility that is heavy to bear, often referring to stresses or obligations that may impact an individual or organization negatively.

Predictive Validation

The process of using a test among job applicants and then correlating test scores to job performance scores obtained at a later time to determine the test's predictive accuracy.

Concurrent Validation

A method of validating a test by comparing its results with relevant criteria measured at the same time, used to assess the accuracy of a test or measurement tool.