Final answer:
The resource-based model assumes that the industry's structural characteristics have little impact on a firm's performance over time. It also assumes that capabilities are highly mobile across firms and that differences in resources and capabilities are the basis of competitive advantage.
Step-by-step explanation:
The resource-based model is a strategic management theory that suggests that a firm's competitive advantage is based on its unique collection of resources and capabilities. However, one assumption of the resource-based model is that the industry's structural characteristics have little impact on a firm's performance over time. This means that the model does not consider the external factors and market dynamics that can influence a firm's success.
Another assumption of the resource-based model is that capabilities are highly mobile across firms. This means that firms can acquire or develop new capabilities and transfer them to other firms. Additionally, the model assumes that differences in resources and capabilities are the basis of competitive advantage. This implies that firms with superior resources and capabilities can outperform their competitors.