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Resource-Based Theorists Readily Admit That "The Source of Sustainable Competitive

question 49

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Resource-based theorists readily admit that "the source of sustainable competitive advantage is likely to be found in different places at different points in time in different industries."


Definitions:

Extinction

In psychology, the process through which a conditioned response decreases or disappears after the conditioned stimulus is repeatedly presented without the unconditioned stimulus.

Higher-order Conditioning

A learning process in which a stimulus that was previously neutral is paired with a conditioned stimulus to produce the same conditioned response as the original conditioned stimulus.

Neutral Stimulus

A stimulus that initially produces no specific response other than focusing attention, until it is associated with an unconditioned stimulus.

Spontaneous Recovery

The reappearance of conditioned responses after a period of rest and without further conditioning.

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