Question

Which of the following examples best represents the resource-based view of strategy formulation?
Select one:

a.
A hair styling chain creates a difficult style that requires significant skill to perfect

b.
A jewelry manufacturer creates a product line using a gem known to exist only in a mine that the company owns

c.
A soft drink company creates a new flavor from a spice found only in the nearly inaccessible mountains of one country

d.
A software company develops a program that unfailingly identifies and blocks spam phone calls

Answer 1

Answer:

A is correct....... great day

Answer 2

Answer:

things - for example, property, land, products and capital. These are resources which can generally be bought easily on the market and thus offer little competitive advantage, as other organisations can also acquire identical assets quickly if they should like.