The Share Price of Groupon,a Daily-Deal Website,fell by 90 Percent

Multiple Choice

The share price of Groupon,a daily-deal website,fell by 90 percent just a year after its successful initial public offering.The firm was not able to sustain its competitive advantage because of the emergence of other daily-deal sites that were able to better serve the needs of local markets and specific population groups.Which of the following is the most accurate inference from this example?

A) Groupon's competency was not hard to imitate.
B) Groupon's competency was built more on an intangible resource than on a tangible one.
C) Groupon operated in an industry where the barriers to entry were high.
D) Groupon invested in resources that were invaluable and common.