Walden Inc., a well-established finance company, hires the most valuable scientists and experts. Hence, start-ups and other small businesses find it difficult to compete with Walden. Which of the following is exemplified in this case?

Question

Quizplus · Accepted Answer

The scenario exemplifies a limited competitive access to scarce resources, where Walden has hired the most valuable scientists and experts, making it difficult for start-ups and small businesses to compete with them. The limited availability of these resources creates a competitive advantage for Walden.