STM 9

Question 17 5/ 5 points In general, as long as the number of firms that possess a particular valuable resource or capability is less than the number of firms needed to generate perfect competition dynamics in an industry, that resource or capability can be considered and a potential source of competitive advantage. a) valuable b) rare <) inimitable d) un-substitutable Question 18 5/ 5 points If firms that do not possess valuable and rare resources or capabilities face a cost disadvantage in obtaining these resources or capabilities compared to the firms that already possess them, these resources and capabilities are termed: a) rare. b) valuable. ® imperfectly imitable. d) perfectly imitable.