The resource-based model of the firm contends that:
A) resources that are valuable, rare, costly to imitate and non-substitutable form the basis of a firm's competitive advantage
B) the key to competitive success is the structure of the industry in which a firm competes
C) resources have the potential to be the basis of sustained competitive advantage
D) competencies are not a source of potential competitive advantage
Correct Answer:
Verified
Q24: Which of the following are the three
Q25: To be strategically flexible on a continuing
Q26: Which of the following is not a
Q27: A firm has a competitive advantage when:
A)the
Q28: The I/O model argues that:
A)internal resources and
Q30: A business-level strategy describes a firm's actions
Q31: Research findings support the I/O model, in
Q32: The strategic management process is:
A)a set of
Q33: The resource-based view of the firm:
A)suggests that
Q34: Capital market stakeholders include:
A)unions
B)employees
C)shareholders
D)government regulators
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