Why is it important to study the internal resources, capabilities, and activities of firms? What insights can be gained?

Explanation

Explanation:

It is quite nice to study internal resources, activities of a company and its capabilities simply because it will allow both the company and their competitors to ascertain the firm’s main competencies and their competitive advantage in the industry the currently operate in.  

Firms can build on these three major area to enhance their competitive advantage while other companies could use the information to either copy or perfect the company’s advantages for themselves.  

a. money supply  

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answer the law of increasing costs;