What is a way of generating economic value that is difficult for other firms to replicate, purchase, or replace, and that persists over time called?
a. resource
b. capability
c. sustainable competitive advantage
d. strategic competency
Question 2
What is more consistent of a small firm as compared to a large one?
a. small firms generate more slack necessary to innovate
b. small firms produce their innovations at a lower cost of R&D
c. small firms exploit economies of scale
d. small firms hire a more talented and diverse group of employees
