Unless an Internal Capability or Resource Is Costly or Difficult

question 27

True/False

Unless an internal capability or resource is costly or difficult to imitate by competitors,the capability or resource is unlikely to lead to a sustainable competitive advantage.

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Definitions:

Sports Awards

Recognition given to athletes, teams, and other stakeholders in sports for their performances, achievements, and contributions.

Manifest Function

Consequences of behavior that are intended and overt (such as going to a funeral to pay respects to the deceased person).

Latent Function

Latent functions are consequences that contribute to adjustment but were not intended. For example, a latent function of attending a funeral is that it becomes a family reunion. Latent functions are the sociological explanations of a given action.

Structural-Functional Explanation

A theoretical perspective in sociology and anthropology that sees society as a complex system whose parts work together to promote solidarity and stability.