Question

For a particular company's resource or capability to have real competitive power and perhaps qualify as a basis for competitive advantage, it should

a) be hard to copy, be rare and something rivals lack, be competitively valuable, and not be easily trumped by substitute resource strengths possessed by rivals.
b) be something that a company does internally rather than in collaborative arrangements with outsiders.
c) be patentable.
d) be an industry key success factor and occupy a prime position in the company's value chain.
e) have the potential for lowering the firm's unit costs.

Answer 1

For a particular company's resource or capability to have real competitive power and perhaps qualify as a basis for competitive advantage, it should be hard to copy, be rare and something rivals lack, be competitively valuable, and not be easily trumped by substitute resource strengths possessed by rivals.

Step-by-step explanation:

The correct option among the given options is a) be hard to copy, be rare and something rivals lack, be competitively valuable, and not be easily trumped by substitute resource strengths possessed by rivals.

For a particular company's resource or capability to have real competitive power and perhaps qualify as a basis for competitive advantage, it should possess attributes mentioned in option a. These attributes ensure that the resource is unique, valuable, and difficult to imitate, giving the company an edge over its competitors.

For example, a patented invention or a well-respected brand name that has been carefully built up over many years can be considered as resources that fulfill these criteria and provide a competitive advantage.