Which of the following statements accurately brings out the difference between tangible and intangible resources?

How are the critical assumptions of the resource-based model of a firm fundamentally different from the way in which a firm is viewed in the perfectly competitive industry structure?

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What is the difference between a tangible and intangible?
What is the primary difference between tangible and intangible resources quizlet?
What are the key differences between tangible and intangible outputs?
What are the differences between tangible and intangible resources Why is it important for decision makers to understand these differences?

A.
In the resource-based model, resources are freely available and mobile, whereas in the perfectly competitive industry structure, resources are highly immobile.

B.
In perfect competition, it is extremely difficult to replicate the resource bundles of a firm, whereas in the resource-based model, it is extremely easy to imitate them.

C.
In perfect competition, all firms have access to the same capabilities, whereas in the resource-based model, resource differences exist between firms in the same industry.

D.
In the resource-based model, only physical assets of a firm are considered as resources, whereas in perfect competition, a firm’s capabilities and competencies are also considered as resources.

C. In perfect competition, all firms have access to the same capabilities, whereas in the resource-based model, resource differences exist between firms in the same industry.

24. How are the critical assumptions of the resource-based model of a firm fundamentally different from the way in which a firm is viewed in the perfectly competitive industry structure? A.

In the resource-based model, resources are freely available and mobile, whereas in the perfectly competitive industry structure, resources are highly immobile.

B.
In perfect competition, it is extremely difficult to replicate the resource bundles of a firm, whereas in the resource-based model, it is extremely easy to imitate them.

C.
In perfect competition, all firms have access to the same capabilities, whereas in the resource-based model, resource differences exist between firms in the same industry.

D.
In the resource-based model, only physical assets of a firm are considered as resources, whereas in perfect competition, a firm’s capabilities and competencies are also considered as resources.

One of Rolex's tangible resources is its well-known brand name and reputation for quality timepieces.

Answer:

False
Explanation: Brand equity is an example of an intangible resource. Tangible resources include a well-trained workforce, advanced machinery, or expansive facilities.

Beats Electronics has been able to outperform Audio-Technica, Bose, JBL, Skullcandy, Sennheiser, and Sony in the high-end, premium headphone market. Which of the following statements accurately explains one of the main reasons for the success of Beats?

Answer:

B
Explanation: As discussed in Chapter Case 4, Beats has been able to outperform its competitors by creating a perception that owning its headphones is cool. As a result, Beats headphones outsell the higher-quality headphones produced by its competitors.

Amazon.com's network of distribution centers allow it to drastically reduce its delivery times compared to other online retailers. These distribution centers are examples of Amazon's

Answer:

C
Explanation: Physical infrastructure, such as Amazon.com's distributions centers, is a tangible resource.

Organizational and managerial skills that find their expression in a company's structure, routines, and culture are referred to as

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High demand for online video streaming options is one of Netflix's core competencies.

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Dynamic strategic activity systems help a firm to maintain a competitive advantage for extended periods of time.

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Smooth Fusion Inc. is a software company that has built and acquired numerous assets over the years. According to the resource-based view of a firm, which of the following assets of Smooth Fusion Inc. will best enable it to gain and sustain a competitive advantage?

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Cartech Inc. is a manufacturer of automobile parts, which it sells to retail auto supply stores. Its core competencies include superior design and engineering capabilities, as well as a highly integrated and efficient supply chain. To sustain its competitive advantage, Cartech should first

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A music distributor that decides to launch a proprietary music streaming service to respond to changes in music consumption trends exhibits dynamic capabilities.

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Cloud Cones is a fast-growing chain of ice cream shops. It has acquired an edge over its competitors through its ability to provide a wide array of unique flavors and a hip atmosphere in stores. This advantage of Cloud Cones best exemplifies a

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A SWOT analysis would provide a definitive answer as to whether a firm's growing footprint in overseas markets is a strength or weakness.

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Intellectual property (IP) protections such as trademarks or patents are proven methods of establishing permanent barriers to imitation.

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Accounting, human resources, and research and development (R&D) are examples of primary activities that add value directly to the value chain.

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GN Corp. and BC Inc. are two competing firms in the same industry. GN Corp.'s tangible assets are valued at $15 billion and its intangible assets are valued at $35 billion. BC Inc.'s tangible assets are valued at $5 billion and its intangible assets are valued at $45 billion. What can be concluded from this information?

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The core competencies of a firm are determined by the interplay of its tangible resources and intangible capabilities.