According to Barney, a firm orientated to a product market strategy is unlikely to generate economic rent for which reason:
a. If there are clear substitutes, then the buyers may choose one of them
b. Other firms in the market cannot buy the same resources and eliminate any rent-making possibilities
c. The market for such resources will value the assets to account for the future earnings potential, making the assets very expensive and eliminating the possibility of earning economic rent
d. Competition is less important than resources and capabilities
c. The market for such resources will value the assets to account for the future earnings potential, making the assets very expensive and eliminating the possibility of earning economic rent
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A product platform is:
a. a common architecture based on a single design and underlying technology b. a part of the factory shop floor where the product is manufactured c. a part of the factory shop floor where the product is serviced d. all of the above e. none of the above
The way in which a retailer is perceived by customers and others is its _____
a. aesthetics b. retail image c. goodwill d. atmosphere
After the adjustments identified on the bank reconciliation have been recorded, the ending cash (book) balance reflected in the company's records will equal the true cash balance.
Answer the following statement true (T) or false (F)
Fixed Amount of Money. William Bailey and William Vaught, as officers for Bailey, Vaught, Robertson, and Co (BVR), signed a promissory note to borrow $34,000 from the Forestwood National Bank. The interest rate was variable: "the lender's published
prime rate" plus 1 percent. Forestwood went out of business, and ultimately, the note was acquired by Remington Investments, Inc When BVR failed to make payments, Remington filed a suit in a Texas state court against BVR. BVR contended in part that the note was not negotiable because after Forestwood closed, there was no "published lender's prime rate" to use to calculate the interest. Did the note provide for payment of a "fixed amount of money"? Discuss fully.