FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In your own words, explain what you understand by the idea of the 'resources and distinctive capabilities' of a firm. In your response, also discuss

In your own words, explain what you understand by the idea of the 'resources and distinctive capabilities' of a firm. In your response, also discuss why this explanation about firm-profits is better than the 'market structure' concept. (2 to 3 sentences) (4 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics

Macroeconomics

Authors: Charles I. Jones

1st Edition

978-0393926385, 0393926389

More Books

Students also viewed these Economics questions

Question

★★★★★
Ads for a Little League instructional video claimed that the techniques would improve the performances of Little League pitchers. To test this claim, 20 Little Leaguers threw 50 pitches each, and we...

Answered: 1 week ago

Question

★★★★★
A business plans to use 20 000 of cash during the forthcoming year. It holds most of its cash in a deposit account from which it costs 30 to make each withdrawal and which pays interest at 10 per...

Answered: 1 week ago

Question

★★★★★
Is the review free from the biases of the reviewer? Is there any evidence in terms of emotional language, institutional affiliation, funding source, and so on to suggest that the reviewer might be...

Answered: 1 week ago

Question

★★★★★
Green Valley Mills produces carpet at plants in St. Louis and Richmond. The plants ship the carpet to two outlets in Chicago and Atlanta. The cost per ton of shipping carpet from each of the two...

Answered: 1 week ago

Question

★★★★★
The Milk Inc. has the following operating results for making 150,000 pounds of chocolate: The Milk Chocolate Division has the ability to produce and sell 200,000 pounds of chocolate annually. Assume...

Answered: 1 week ago

Question

★★★★★
Beginning raw materials inventory was OMR80,000. During the month, OMR175,000 of raw materials was purchased. A count at the end of the month revealed that OMR54,000 of RM was still present. The cost...

Answered: 1 week ago

Question

★★★★★
Digby is a Niche Cost Leader (Low Technology) Review the Inquirer to determine Digbys current strategy. How will they seek a competitive advantage? From the following list, select the top five...

Answered: 1 week ago

Question

★★★★★
ellaborate on the following; Even while diversity, equality, and inclusion ( DEI ) in the workplace are important, many firms find it difficult to prioritize and carry out worthwhile efforts. The...

Answered: 1 week ago

Question

★★★★★
Model this statement using the crow's foot modelling technique. [5 marks] Create your diagram in draw.io (or equivalent), save it as either a JPG or PNG file format, and upload your image using the...

Answered: 1 week ago

Question

★★★★★
Larry rents his townhouse to Sue for $1,400 a month. At the beginning of the lease, he asked for a $2,000 security deposit. When Sue moved out at the end of the lease Larry used $1,400 of the...

Answered: 1 week ago

Question

★★★★★
The message "Packet is a unit of data sent across the network" is to be sent over a reliable connection from node 0 to node 1. Here is a diagram of the first packet being sent: 0 0 DAT 12116 Packet...

Answered: 1 week ago

Question

★★★★★
Which type of organization attempts to balance and harness different activities in trade-off situations? Multiple choice question. functional structure organization mechanistic organization...

Answered: 1 week ago

Question

★★★★★
2. What types of information are we collecting?

Answered: 1 week ago

Question

★★★★★
5. How quickly can we manage to collect the information?

Answered: 1 week ago

Question

★★★★★
3. Tactical/strategic information.

Answered: 1 week ago

Previous Question Next Question