Which of the following is true about rareness and advanced factors of production?
A. Process knowledge, organizational architecture, and intellectual property are more difficult to imitate which results in a better chance in achieving long-term, sustainable competitive advantage.
B. Intellectual property is the only advanced factor of production that is unique enough to capture long-term, sustainable competitive advantage.
C. Since most process knowledge and organizational architecture is purchased from outside providers, it can be copied by other firms and does not lead to the rarity necessary to result in long-term, sustainable competitive advantage.
D. Advanced factors of production are not able to capture the uniqueness that basic factors of production can achieve and therefore do not factor into the pursuit of long-term, sustainable competitive advantage.
E. Advanced factors of production are less likely to be rare and are in general easier for rivals to imitate resulting in the inability for firms to achieve long-term, sustainable competitive advantage.
Answer: A
You might also like to view...
McDonald's operates in over 118 countries; however, 80% of its restaurants are located in nine countries which does not include the following country market:
A) Australia. B) Brazil. C) Germany. D) India. E) Japan.
Which of the following is a disadvantage to signing up for RSS feeds?
A) The sites are curated. B) The sites support the corporate mission. C) The sites only collect data on specific areas of interest. D) The sites require the reader to sort through the feeds to determine valuable information. E) The sites use materials that are republished instead of original works.
As a salesperson for a restaurant equipment supplier, you have decided to call on Frederick Hawkins, the owner of Fred's House of Pancakes. If Frederick decides to discuss your products then he is most likely in the ________ stage of the buying decision.
A. purchase B. interest C. attention D. desire E. conviction
Which of the following statements regarding the operating cycle of a merchandising company is not true?
A. The operating cycle begins with the purchase of merchandise. B. The operating cycle is shortened by credit sales. C. The operating cycle can vary in length among different merchandising companies. D. The operating cycle sometimes involves accounts receivable. E. The operating cycle ends with the collection of cash from the sale of merchandise.