Resources Are a Source of Competitive Advantage Only When They

question 37

Multiple Choice

Resources are a source of competitive advantage only when they are

• A) archival.
• B) difficult to imitate.
• C) equally available.
• D) sequential.
• E) expensive.

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Definitions:

Sensory Memory

The shortest-term element of memory, which allows individuals to retain impressions of sensory information after the original stimulus has ceased.

Stimuli

External events or occurrences that can elicit responses from sensory organs, leading to a reaction or response.

Moment

A brief period of time or a specific point in time.

Iconic Storage

Refers to a very brief (<1 second) storage of visual information in the sensory memory, representing an exact copy of the visual stimulus.