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Questions and Answers
Which approach emphasizes the importance of internal resources for achieving competitive advantage?
Which approach emphasizes the importance of internal resources for achieving competitive advantage?
- Value Chain Analysis
- Porter's Five Forces Model
- Resource-Based View (RBV) Approach (correct)
- SWOT Analysis
Which factor determines the value of a resource, as per the text?
Which factor determines the value of a resource, as per the text?
- Commonality
- External Market Demand
- Ease of Imitation
- Scarcity (correct)
How does organizational culture impact planning activities, according to the text?
How does organizational culture impact planning activities, according to the text?
- It has no influence on planning activities
- It significantly affects planning activities (correct)
- It primarily influences marketing strategies only
- It only impacts human resource management
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