Exam 6: Resource-Based Competitive Advantage

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If the Classic Car Club in the opening vignette for the chapter is unable to successfully franchise its operations in the U.S., this would be a very good example of the impact of causal ambiguity.

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The founders of the Classic Car Club (CCC) described in the opening vignette for chapter six recognized an opportunity to

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Describe (but don't merely list) the criteria that resources must meet to be considered extraordinary and the foundation for a sustainable competitive advantage.

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Which of the following is not one of the dimensions that comprises the VRIST characteristics of extraordinary resources?

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Ordinary resources are those that a firm need not necessarily possess to be in business but that provide an advantage to the firm if it does have them.

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In which of the following ways can a resource be used to create value?

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