Which of the following conditions must be met if a firm's resources are to be used to achieve a sustainable competitive advantage?
A)The resources must be easily available.
B)The resources must be rare.
C)The resources must be obsolete.
D)The resources must be duplicable.
E)The resources must be substitutable.

Question

Quizplus · Accepted Answer

For a firm's resources to achieve a sustainable competitive advantage, they must be rare, meaning that they are not possessed by many other firms in the same industry. This rarity makes it difficult for competitors to duplicate or find substitute resources, thus providing a long-term competitive advantage. Resources that are easily available, obsolete, duplicable, or substitutable do not offer the same level of sustained competitive advantage.

Which of the Following Conditions Must Be Met If a Firm's