In Explaining Why Firms Are Different, Edith Penrose Attributed This

Multiple Choice

In explaining why firms are different, Edith Penrose attributed this to:

A) which firm was better at reducing transaction costs.
B) the heterogeneity of the firm's resources.
C) the potential that existed in knowledge within the firm to extend its capabilities.
D) the firm's effectiveness in formulating generic strategies.
E) only b and c above