Most firms have a resource base that is composed primarily of valuable but common resources and capabilities, some of which are essential if a firm is to gain competitive parity.

Question

Quizplus · Accepted Answer

This statement is true. Many firms have resources and capabilities that are valuable but not rare or unique, and some of these resources may be essential just to keep up with competitors. However, having these resources alone may not be enough to achieve sustained competitive advantage.

Most Firms Have a Resource Base That Is Composed Primarily