Under the resource-based view of a firm, when can a firm's resources be a source of sustained competitive advantage?
When they are valuable, rare, and imperfectly imitable by competitors and have no strategically equivalent substitutes.
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Which statement is not correct?
a. General ledger creates a new cost record upon receipt of a work order from production planning and control. b. Cost accounting updates the cost record with data gathered from the materials requisition. c. General ledger posts summary information about the manufacturing process based on a journal voucher prepared by cost accounting. d. Cost accounting computes variances and applies overhead to individual cost records.
An obvious disadvantage of using customer relationship management is its ineffectiveness in pinpointing high-value customers
Indicate whether the statement is true or false
When a person evaluates a situation and perceives that an injury or loss has already occurred, they are making what type of psychological stress assessment?
a. Threat b. Harm/loss c. Challenge d. Hurt
Nestlé embraces a local branding strategy globally while other companies like Coca-Cola and Kellogg use a global branding strategy.
Answer the following statement true (T) or false (F)