The combination of resources and assets that enables a firm to gain a competitive advantage is also called:
A) Core assets
B) Competitive assets
C) Resource assets
D) Complementary assets

Question

Quizplus · Accepted Answer

The combination of resources and assets that enable a firm to gain a competitive advantage is referred to as complementary assets. This is because these assets complement the firm's resources and help create a competitive edge. Core assets refer to the primary resources and capabilities that are unique to the firm, while competitive assets refer to the tangible and intangible assets that enable a firm to compete effectively in the market. Resource assets, on the other hand, refer to the resources that a firm possesses, such as financial, human, and physical capital. Therefore, the best choice is D, complementary assets. The combination of resources and assets that enables a firm to gain a competitive advantage is called complementary assets. Complementary assets include things like technology, human capital, brand reputation, organizational structure, and distribution channels. These assets work together to enhance the effectiveness of a firm's core assets, which are the unique capabilities that set it apart from competitors.

The Combination of Resources and Assets That Enables a Firm