Answer:
The answer options to this question are as follows:
A. The resources of the company that are mobile
B. The capital raised by the company from its shareholders
C. The expertise acquired by the employees in the company
D. The headquarters owned by the company
The correct answer is C. The expertise acquired by the employees in the company
Explanation:
The resource-based vision of the company is useful in developing strategic for companies with a single business, but also for diversified companies as it reveals how core competencies embedded in a company can help them exploit new product opportunities and markets
.
A competitive advantage is any characteristic of a company, country or person that differentiates it from others, placing it in a superior relative position to compete. That is, any attribute that makes it more competitive than the others.
The attributes that contribute to having a comparative advantage are innumerable. But we can cite as an example the advantageous access to natural resources (such as high-grade minerals or low-cost energy sources), highly skilled labor, geographic location or high barriers to entry, which can be enhanced if we have a product that is difficult to imitate or we have a great brand.
It has been considered that the main source of competitive advantage is derived from the experience effect which has its origin in the learning effect.
The experience effect causes the experience accumulated by the company to decrease in unit terms the real cost of the total added value of the company. The experience effect constitutes a strong barrier to entry for new competitors. The existence of this entry barrier represents a solid competitive advantage for the company that accumulates more experience effect.
