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:

Cash Payments Journal

A financial journal that records all cash payments made by a business, including expenses, asset purchases, and debt payments.

Sales Discounts

Refers to reductions from the listed price of goods or services, offered by sellers to buyers, typically as an incentive or reward.

Accounts Payable

Amounts a company owes to creditors for goods or services bought on credit.

General Journal

A primary accounting record used to keep track of all financial transactions, listed in chronological order.