Resource substitution means that a firm can easily switch between two or more different resources that will provide the same competitive advantage - it offers the firm greater flexibility.
Correct Answer:
Verified
Q4: An extraordinary resource should be analyzed to
Q5: Farmer John grows corn, a commodity. John
Q6: A resource that is perceived as rare
Q7: Patents, copyrights, and trademarks reveal information about
Q8: More often than not those resources that
Q10: The tradability of a resource refers to
Q11: An industry analysis may show no unique
Q12: Rare, non-tradable, and non-substitutable resources can be
Q13: The durability of a competitive advantage from
Q14: Causal ambiguity is a condition that exists
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents