When a firm's resources and competencies interact and reinforce each other,supporting the firm's strategy,a ________ is created.
A)business-level strategy
B)capability
C)core resource
D)virtuous cycle

Question

Quizplus · Accepted Answer

When a firm's resources and competencies interact and reinforce each other, creating a self-reinforcing cycle, a virtuous cycle is created. This cycle allows the firm to continuously improve its performance and maintain its competitive advantage. Business-level strategy, capability, and core resource are all important components of a firm's overall strategy, but they are not directly related to the concept of a virtuous cycle.

When a Firm's Resources and Competencies Interact and Reinforce Each