The ability of firms to acquire, develop, and use resources often depends upon their place in time and space, and firms that do not have space-and-time-dependent resources face a significant cost disadvantage in obtaining and developing them.

Question

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The statement is true. The resources that firms acquire, develop, and use often depend on their location and the time they operate in, and firms without such resources may have to incur significant costs to obtain and develop them.

The Ability of Firms to Acquire, Develop, and Use Resources