Discuss the four criteria that the resources of a firm must possess to maintain a sustainable advantage. Give an example of one of these criteria.
What will be an ideal response?
For a resource to provide a firm with the potential for a sustainable competitive advantage, it must have four attributes. First, the resource must be valuable in the sense that it exploits opportunities and/or neutralizes threats in the environment of the firm. Second, it must be rare among the current and potential competitors of the firm. Third, the resource must be difficult for competitors to imitate. Fourth, the resource must have no strategically equivalent substitutes.
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Technizone Consultants decides to send an invitation to other companies to join it in its charity function. In this case, a memorandum report format should be used instead of a letter report format.
Answer the following statement true (T) or false (F)
Which of the following is not an external mechanism to hold followers accountable?
a. the acceptance of personal responsibility b. written codes of conduct c. performance appraisals d. pressure or feedback from one’s boss
In a normal job-order costing system, factory overhead is applied using actual rates times actual input
Indicate whether the statement is true or false
Cole's main job at SendGrid is to foster existing accounts and maintain current customer relationships that have already been developed. Which dimension of the specialist sales force does Cole most identify with?
A. Product Specialization-high tech B. Specialization by selling activity-hunter (salesperson) C. Specialization by industry D. Specialization by technology E. Specialization by selling activity-farmer (salesperson)