Firms that have a high degree of resource similarity are likely to have similar strengths and weaknesses. a. True b. False

Question

Emilee Moon

Business

10 April, 11:59

Firms that have a high degree of resource similarity are likely to have similar strengths and weaknesses. a. True b. False

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Answers (1)

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Ryland Mayer · Answer 1

True

Explanation:

Actually resources make strengths and weakness of the firms. A better capital or human resources will provide you competitive advantage. high degree of similarity will not make any firm distinguish in the market and customer may consider them the same. Similarly weaknesses might also be same as the resources have high level of similarity.