Question: Which statement explains how resources can be a source of a sustainable competitive advantage? Resources that are rare and difficult for others to imitate will

Which statement explains how resources can be a source of a sustainable competitive advantage?
Resources that are rare and difficult for others to imitate will generate advantages now and into the future.
Valuable resources generate sustainable advantages because they bring in the most revenues.
Rare resources can generate sustainable competitive advantage because they are difficult for other firms to duplicate.
Which statement explains how resources can be a source of a

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Please review the short strategic highlight 3.2 (page 75) on the "Five Forces in the Airline Industry" or "strategy highlight 4.1 (page 119) on "Applying VRIO: The Rise and Fall of Groupon" in the...

Q:

Which of these statements explains how resources can be a source of a sustainable competitive advantage? If a resource is q , it can be a source of sustainable competitive advantage. Multiple Choice...

Q:

Strategic Audit of Enbridge IV - PESTEL Analysis What is the organization's mission and what are its strategies? What are some of the major issues facing the organization in terms of developments in...

Q:

Sundar G. Bharadwaj, P. Rajan Varadarajan, & John Fahy Sustainable Competitive Advantage in Service Industries: A Conceptual Model and Research Propositions The purpose of competitive strategy is to...

Q:

\f6e Foundations in Strategic Management Jeffrey S. Harrison Robins School of Business University of Richmond Caron H. St. John College of Business Administration University of Alabama in Huntsville...

Q:

Chapter 9 Compensation and Incentives Diane Bigda/Photodisc/Getty Images Learning Objectives After reading this chapter, you should be able to do the following: Discuss various psychological...

Q:

Please solve the Resources and Capabilities section Instructions and Questions to discuss the KFC case Study KFC, a food chain restaurant has been a significant player in the food industry both in...

Q:

what is GNC company's external environment?what is the company's complete a PASTEL analysis?what is the company's complete VRIN? UU P .. E TE + FIGURE 3.1 The Components of a company's External...

Q:

Can you give me a brief introduction of Hilton Worldwide Holdings Inc ? Also can you conclude the following article in brief ? Article - Hilton Worldwide Holdings Inc.: Hilton Worldwide Holdings...

Q:

summary for this article :key theme, major findings, and key implications Harvard Business Review www.hbr.org A classic boxing match offers useful lessons for seizing How to Thrive in opportunities...

Q:

(i) What is the approximate annualized yield on a 6-month Treasury bill that is sold at 99 in the primary market? Show your calculations. (ii) A 10-year Treasury bond (TBOND1) is sold on the market...

Q:

* 8. Which of the following is NOT a group? (A) The integers under addition (B) The nonzero integers under multiplication (C) The nonzero real numbers under multiplication (D) The complex numbers...

Q:

Held to maturity securities are carried in the balance sheet at: a . fair value b . replacement cost c . amortized cost d . lower of cost or market Moving to the next question prevents changes to...

Q:

The annual demand for an item is 1,700 units. The order cost is $7. Unit cost is $8 and the unit holding cost per year is 18% of the item's value. The order quantity is 125 units. What are the total...