Renewing a firm's competitive advantage requires:
A)Developing its resources
B)Extending its capabilities
C)Developing and extending all its resources and capabilities
D)Developing and extending all its resources and capabilities, and creating new ones

Question

Quizplus · Accepted Answer

Renewing a firm's competitive advantage requires not only developing and extending its current resources and capabilities, but also creating new ones to keep up with changing market demands and technological advancements. This allows the firm to stay ahead of its competitors and maintain its competitive advantage.

Renewing a Firm's Competitive Advantage Requires