A ________ is one or more resources or capabilities a company possesses that few other firms have and that it leverages to generate profits and other returns.

Question

Quizplus · Accepted Answer

The description given in the question perfectly fits the concept of monopolistic advantage, which refers to the possession of unique resources, assets, or capabilities that create a strong market position for a company and help it to generate higher profits than its competitors. Factor endowment and country-specific advantage are related to a country's comparative advantage, which focuses on the production of goods or services at a lower opportunity cost. Therefore, these concepts do not fit the given definition.

A ________ Is One or More Resources or Capabilities a Company