In the Resource-Based View of Strategy,the Set of Conditions Leading

question 23

Multiple Choice

In the resource-based view of strategy,the set of conditions leading to sustainable competitive advantage is that the organisation's resources are:

• A)valuable,rare,imperfectly imitable and unique
• B)invaluable,common,imperfectly imitable and difficult to substitute
• C)valuable,common,perfectly imitable and difficult to substitute
• D)valuable,rare,imperfectly imitable and easy to substitute

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Definitions:

Resilience

The capacity to recover quickly from difficulties; toughness.

Acceptance

Acceptance refers to the act of receiving or taking something offered or recognizing a situation or condition as valid or correct without attempting to change it, often implying agreement or consent.

Manipulation

The act of controlling or influencing a person or situation cunningly or unfairly.

Endorphins

Neurotransmitters produced in the brain that act as natural painkillers and are also associated with feelings of pleasure and euphoria.