Which of the following is the correct explanation of resource-based approach?
Internal sources are more important for a firm than external forces for competitive advantage
The resource-based view explains competitive advantage through a firm’s internal resources and capabilities. Resources that are valuable, rare and difficult to imitate or substitute can support sustained advantage. This contrasts with approaches that primarily emphasize external industry forces.
Important Questions from Miscellaneous
Which gas shields the surface of the earth from ultraviolet radiation from the sun?
Which event is marked as an Intangible Cultural Heritage of Humanity by UNESCO?
Who has been conferred with the rank of the Commander of the Order of the British Empire in 2018?
Who directead the film ‘Bhuvan Shome’?
The book “In my mother’s house” is written by _______
