With regard to a firm's resources (when searching for attractive opportunities):
A) a manufacturer needs skilled production people more than skilled salespeople.
B) lack of financial strength is often a barrier to entry.
C) large companies always have an advantage over smaller companies.
D) a familiar brand name is not very important since there are many new brand names.
E) a patent owner has a 3-year monopoly to develop its product.

Question

Quizplus · Accepted Answer

Lack of financial strength can often be a barrier to entry, meaning that a firm may not be able to pursue attractive opportunities if they do not have the necessary resources to fund them. The other options are not necessarily true in all cases, as the importance of skilled production people versus salespeople, the advantage of large companies over smaller ones, the importance of a brand name, and the duration of a patent monopoly can vary depending on the specific industry and market.

With Regard to a Firm's Resources (When Searching for Attractive