A company resource weakness or competitive deficiency:
A) represents a problem that needs to be turned into a strength because weaknesses prevent a firm from being a winner in the marketplace.
B) causes the company to fall into a lower strategic group than it otherwise could compete in.
C) prevents a company from having a distinctive competence.
D) usually stems from having a missing link or links in the industry value chain.
E) are shortcomings that constitute competitive liabilities.

Question

Quizplus · Accepted Answer

A company resource weakness or competitive deficiency refers to shortcomings that constitute competitive liabilities. This means that these weaknesses can put a company at a disadvantage compared to its competitors, which can slow down its growth and profitability. Therefore, firms need to identify their weaknesses and address them to avoid falling behind in the market.

A Company Resource Weakness or Competitive Deficiency