In the context of the components of resource-based analysis, if a firm's resource or capability cannot be replaced easily by something else then it is said to be ________.
A)valuable
B)nonsubstitutable
C)durable
D)rare

Question

Quizplus · Accepted Answer

Nonsubstitutability is a key characteristic of a valuable and rare resource or capability. If a firm's resource or capability is nonsubstitutable, it means that it is unique and cannot be easily replicated or substituted by other firms, creating a sustained competitive advantage. Durability and rarity are also important components of a firm's resources, but alone they do not guarantee a competitive advantage.

In the Context of the Components of Resource-Based Analysis, If