Which of the following is a true statement about competitive advantages?
A) Tangible resources are more important than intangible resources.
B) Tangible resources are more difficult to obtain than intangible resources.
C) Valuable and substitutable resources increase long-term customer loyalty rates.
D) Valuable and rare resources that are easily substituted provide short-term advantages.

Question

Quizplus · Accepted Answer

Valuable and rare resources that are easily substituted can indeed provide short-term competitive advantages because they are unique and can differentiate a company from its competitors. However, if these resources are easily substituted, the advantage may not last long as competitors find alternatives.

Which of the Following Is a True Statement About Competitive