According to the ________-based view, firms compete to sustain their competitive advantage when their human capital is rare, cannot be easily imitated, and when substitutes do not readily exist.

Question

Quizplus · Accepted Answer

The resource-based view of the firm suggests that a firm's competitive advantage is based on its unique resources and capabilities that are rare, valuable, difficult to imitate, and not easily replaceable. In this view, human capital is considered a valuable resource, and if it is rare and difficult to imitate, it can provide a sustained competitive advantage to a firm. Therefore, the correct choice is C) resource.

According to the ________-Based View, Firms Compete to Sustain Their