Unlike valuable resources, rare resources:
A) do not improve a firm's efficiency and effectiveness.
B) are susceptible to changes in customer demands and preferences.
C) need not be nonsubstitutable resources to produce a competitive advantage.
D) are not controlled or possessed by many competing firms.

Question

Quizplus · Accepted Answer

Rare resources are those that are not controlled or possessed by many competing firms, making them unique and valuable for creating a competitive advantage.

Unlike Valuable Resources, Rare Resources