Firms that possess and exploit costly-to-imitate, rare and valuable resources in choosing and implementing their strategies may enjoy a period of
A) temporary competitive advantage.
B) competitive disadvantage.
C) competitive parity.
D) sustained competitive advantage.

Question

Quizplus · Accepted Answer

Firms that possess and use costly-to-imitate, rare and valuable resources to choose and implement their strategies may enjoy a period of sustained competitive advantage, which can be maintained over an extended period. This type of competitive advantage is challenging to replicate by competitors, providing a firm with a significant long-term advantage over its rivals.

Firms That Possess and Exploit Costly-To-Imitate, Rare and Valuable Resources