Multiple Select Question
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Which of the following are situations in which a resource is considered valuable?
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Select all that apply
Which of the following can help a firm extend its competitive advantage?
Your Answer correctWhich of the following can help a firm extend its competitive advantage?Multiple select question.intellectual property protectioncorrectdepletion of tangible and intangible resourcespath dependencecorrectbetter expectations of future resource valuecorrectresource stocks and f...
Read MoreSelect all that apply
Which of the following are situations in which a resource is considered valuable?
Your Answer correctWhich of the following are situations in which a resource is considered valuable?Multiple select question.The resource helps the firm produce tangible, not intangible competencies.The resource helps a firm exploit an external opportunity.correctThe resource is both heterogene...
Read MoreAccording to the VRIO framework, to fully exploit the competitive potential of its resources, capabilities, and competencies, a firm must .
Answer ModeMultiple Choice QuestionYour Answer correctAccording to the VRIO framework, to fully exploit the competitive potential of its resources, capabilities, and competencies, a firm must Blank______.Multiple choice question.be organized to capture valuecorrecttemporarily ignore its or...
Read MoreWhich of the following identifies the resources that can lead to a competitive advantage?
Answer ModeMultiple Choice QuestionYour Answer correctWhich of the following identifies the resources that can lead to a competitive advantage?Multiple choice question.resource heterogeneityvalue chainVRIO frameworkcorrectPESTELCorrect AnswerQuestionVRIO framework...
Read MoreJavier, the owner of Javier's Tacos, has noticed that residents of his town are flocking to a new taco truck in increasing numbers. After doing some research, Javier learns that consumers enjoy the food truck because almost all the taco ingredients are locally sourced. Javier decides to add locally sourced ingredients to his menu. This is an example of .
Answer ModeMultiple Choice QuestionYour Answer correctJavier, the owner of Javier's Tacos, has noticed that residents of his town are flocking to a new taco truck in increasing numbers. After doing some research, Javier learns that consumers enjoy the food truck because almost all the taco ingr...
Read MoreBy definition, resource immobility suggests that resources are to move from firm to firm.
Answer ModeMultiple Choice QuestionYour Answer correctBy definition, resource immobility suggests that resources are Blank______ to move from firm to firm.Multiple choice question.difficultcorrecteasyimpossiblereadily availableCorrect AnswerQuestiondifficult...
Read MoreIf a firm's resource is valuable, rare, costly to imitate, and the firm is organized to exploit it, this resource is a .
Answer ModeMultiple Choice QuestionYour Answer correctIf a firm's resource is valuable, rare, costly to imitate, and the firm is organized to exploit it, this resource is a Blank______.Multiple choice question.supportive componentvalued serviceplanned emergentcore competencycorrectCorrect ...
Read MoreWhich of the following is true according to the assumption of resource heterogeneity?
Answer ModeMultiple Choice QuestionYour Answer correctWhich of the following is true according to the assumption of resource heterogeneity?Multiple choice question.Firm resource differences tend to last for a long time.Companies should focus on duplicating the resources bundles of successful fi...
Read MoreAccording to the VRIO framework, in order for a firm to gain a temporary competitive advantage, a resource must be at least both .
Answer ModeMultiple Choice QuestionYour Answer correctAccording to the VRIO framework, in order for a firm to gain a temporary competitive advantage, a resource must be at least both Blank______.Multiple choice question.common and competitiverare and intangiblerare and valuableco...
Read MoreResource and resource are the key assumptions behind the resource-based model of the firm.
Answer ModeMultiple Choice QuestionYour Answer correctResource Blank______ and resource Blank______ are the key assumptions behind the resource-based model of the firm.Multiple choice question.heterogeneity; immobilitycorrectheterogeneity; mobilityhomogeneity; immobilityhomo...
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