Resources Are a Source of Competitive Advantage Only When They

question 38

Multiple Choice

Resources are a source of competitive advantage only when they create customer value, are rare, are organized, and are:

• A) historical.
• B) difficult to imitate.
• C) equally available.
• D) commonplace.
• E) expensive.

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Definitions:

Manufacturing And Operations

The processes involved in transforming raw materials into finished products and managing the system to ensure efficiency and productivity.

Proximity To Customers

The closeness of a business to its customers in terms of location, understanding their needs, and providing quick service.

Make-Or-Buy Policy

A decision-making process used by companies to determine whether to produce goods internally or purchase them from an external supplier.

Manufacturing And Operations

The processes involved in producing goods and managing their production in factories or plants.