Which of the following conditions must be met if a firm's resources are to be used to achieve a sustainable competitive advantage?
A) The resources must be low-cost and commutable.
B) The resources must be controlled by other competing firms.
C) The resources must be perfectly imitable.
D) The resources must be valuable, rare, and nonsubstitutable.

Question

Quizplus · Accepted Answer

For a firm's resources to be used to achieve a sustainable competitive advantage, they must possess the following characteristics: 
1) Valuable - the resources must contribute to enhancing the firm's effectiveness or efficiency.
2) Rare - the resources must be unique compared to those of competitors. 
3) Nonsubstitutable - the resources must not have interchangeable alternatives.

Which of the Following Conditions Must Be Met If a Firm's