Because some resources are valuable and not perfectly uniform (they are unique, not homogenous), acquiring or developing these can take years before a firm achieves and sustains higher profitability.

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This statement is true. Unique and valuable resources, such as patents, brand reputation, or skilled employees, can provide a competitive advantage that is hard for competitors to replicate. However, developing or acquiring these resources requires significant investment and time, which can delay the achievement of higher profitability. Once a firm has established these resources, the sustained competitive advantage can lead to long-term profitability.

Because Some Resources Are Valuable and Not Perfectly Uniform (They