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

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:
A) Superior profitability depends on the firm's possession of unique resources. and D) Competitive advantage stems from some valuable asset or competence possessed by the firm. and E) Organisations need to ensure they are continually monitoring the market place to make sure that their core competences are still valid.
B) Super normal profits result from either cost leadership, differentiation or focus.
C) Competitive advantage derives from a firm's position in relation to its competitors, customers and stakeholders.

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

Actual exam question for CIMA's CIMAPRA19-E02-1 exam
Question #: 61
Topic #: 7
[All CIMAPRA19-E02-1 Questions]

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:

Show Suggested Answer Hide Answer
Suggested Answer: A, D, E

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

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Selma
10 months ago
Totally agree with D, valuable assets are key!
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Fernanda
10 months ago
Wait, are we sure about A? Unique resources aren't everything.
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Edda
10 months ago
B and C seem more about positioning, not resources.
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Yuki
11 months ago
I think E is also important for staying relevant!
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Trinidad
11 months ago
A and D definitely fit the resource based approach.
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Corinne
11 months ago
E seems relevant too, but I wonder if it's more about maintaining a competitive edge rather than defining the resource-based approach itself.
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Kanisha
11 months ago
I'm a bit uncertain about C; it sounds like it relates more to the positioning approach than the resource-based one.
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Isaiah
11 months ago
I remember practicing a question similar to this, and I think D is right since competitive advantage often comes from valuable assets.
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Brigette
11 months ago
I think option A makes sense because unique resources definitely give a firm an edge, but I'm not entirely sure if it's the only factor.
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Lorita
11 months ago
Okay, let's think this through. The key seems to be explaining how rolling wave planning helps avoid wasting time and resources on requirements that may never be used.
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Merilyn
11 months ago
This is a tricky one, but I think I can figure it out if I focus on the key details about the states.
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Royal
11 months ago
I think it's option C. Just copy the extension folder directly into app/code and you're good to go.
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Mari
11 months ago
I feel confident that the answer is D. The link layer is responsible for local delivery of frames between nodes on the same link, which is exactly what the question is asking about.
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