CIMA Exam CIMAPRA19-E02-1 Topic 7 Question 61 Discussion

Actual exam question for CIMA's CIMAPRA19-E02-1 exam

Question #: 61
Topic #: 7

The means by which competitive advantage might be gained differs, depending on whether a resource based approach or a positioning approach is adopted.

Which of the following options characterises the resource based approach?

Select ALL that apply:

ASuperior profitability depends on the firm's possession of unique resources.

BSuper normal profits result from either cost leadership, differentiation or focus.

CCompetitive advantage derives from a firm's position in relation to its competitors, customers and stakeholders.

DCompetitive advantage stems from some valuable asset or competence possessed by the firm.

EOrganisations need to ensure they are continually monitoring the market place to make sure that their core competences are still valid.

Show Suggested Answer

Suggested Answer: A, D, E

by Erick at Nov 21, 2022, 12:50 AM

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