💼 Pre-MBA Exam Prep

The resource-based view of strategy focuses on:

A External market forces
B A firm unique internal resources and capabilities as the source of sustained competitive advantage
C Industry structure only
D Government policy

✓ Correct Answer: Option B

RBV: competitive advantage comes from VRIN resources — Valuable, Rare, Imperfectly imitable, and Non-substitutable. Internal capabilities drive sustained above-normal returns.

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