In explaining why firms are different, Edith Penrose attributed this to:
A) which firm was better at reducing transaction costs.
B) the heterogeneity of the firm's resources.
C) the potential that existed in knowledge within the firm to extend its capabilities.
D) the firm's effectiveness in formulating generic strategies.
E) only b and c above

Question

Quizplus · Accepted Answer

Edith Penrose emphasized the heterogeneity of a firm's resources and the potential of knowledge within the firm to extend its capabilities as key reasons for differences among firms.

In Explaining Why Firms Are Different, Edith Penrose Attributed This