Which of the following statements fails to bring out the essence of the dynamic capabilities perspective?
A) A firm's competitive advantage is derived from static resource or market advantages.
B) A firm must be able to change its resource base as the external environment changes in order to sustain its competitive advantage.
C) A firm should modify its core competencies to effectively compete in dynamic markets.
D) A firm's external environment is rarely stable, and in many industries, change is fast and ferocious.
Correct Answer:
Verified
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