Which criterion below characterizes a resource that is unique to a business and that cannot be appropriated by potential competitors?
A) rare
B) non-tradable
C) non-substitutable
D) All of the above criteria should be met if a resource is to be unique and not appropriated by a competitor.

Question

Quizplus · Accepted Answer

A resource that is unique and cannot be appropriated by competitors should be rare, non-tradable, and non-substitutable. Each of these criteria contributes to maintaining a competitive advantage.

Which Criterion Below Characterizes a Resource That Is Unique to a Business