What is the underlying premise of the resource-based view?
A) Firms generally have very similar capabilities stemming from almost identical resources
B) Imitation of resources is the best way to achieve competitive advantages
C) Firms differ in fundamental ways because each firm possesses a unique bundle of resources
D) Firms' intangible resources can be very difficult to imitate

Question

Quizplus · Accepted Answer

The underlying premise of the resource-based view is that firms differ in fundamental ways because each firm possesses a unique bundle of resources. This unique combination of resources can lead to sustained competitive advantages that are difficult to imitate by competitors. Therefore, the firm's resources and capabilities provide the foundation for its competitive advantage.

What Is the Underlying Premise of the Resource-Based View