BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The research-based view mixes the internal resources of the firm in various proportions to achieve the competitive advantage. Therefore, the above statement is true.

Detailed explanation-2: -Proponents of the resource-based view argue that external factors are more important than internal factors for a firm in achieving and sustaining competitive advantage Answer: FALSE Diff: 3 Page Ref: 96 Topic: The Resource-Based View Objective: 4 Discuss the Resource-Based View (RBV) in strategic management.

Detailed explanation-3: -Resource-based theory of competitive advantage argues that innovations achieve sustainable competitive advantage by accumulating and using resources to serve consumer interests in ways that are hard to substitute for or imitate. It states that successful innovations are determined not just by the innovation.

Detailed explanation-4: -The RBV model explains that it is significant to accept and fulfill external or new opportunities using existing resources innovatively by acquiring new niche skills. As a result, the internal analysis of resources should be empowered to achieve higher organization prowess in the RBV framework.

Detailed explanation-5: -The resource-based view (RBV) is a managerial framework used to determine the strategic resources a firm can exploit to achieve sustainable competitive advantage.