The Competitive Power of a Company Resource or Competitive Capability

question 90

Multiple Choice

The competitive power of a company resource or competitive capability hinges on

• A)how easy it is for the firm to copy or imitate its rivals' moves in the marketplace.
• B)whether it is robust and,therefore,something rivals cannot afford to develop.
• C)whether it leads to competitive volatility,forcing rivals to jockey for an industry leadership position.
• D)how easily it can be substituted by merging with or acquiring another firm with complementary resources and capabilities.
• E)whether it is rare and,therefore,something rivals lack.

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Definitions:

Imports and Exports

Economic transactions involving the buying of goods and services from foreign countries (imports) and selling domestically produced goods and services to foreign countries (exports).

Eurozone

The 19 nations (as of 2019) of the 28-member (as of 2019) European Union that use the euro as their common currency. The eurozone countries are Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.

Exchange Rates

The rate at which one currency can be exchanged for another, influencing international trade and economics.

Monetary Policy

Actions taken by a central bank or financial authority to regulate the supply of money and interest rates in an economy to achieve macroeconomic objectives.