Based on the VRIO Framework, a Resource Can Be Considered

question 23

Multiple Choice

Based on the VRIO framework, a resource can be considered a source of competitive advantage if it:

• A) is shared by most companies in an industry.
• B) is rare, valuable, difficult to imitate, and organized or managed by the company.
• C) is the foundation of a company's strategic plan.
• D) is kept as a trade secret rather than as a patent.
• E) increases the cost of producing the product and, therefore, the price charged to customers.

---

Definitions:

Closed Questions

Questions formulated to elicit a short, specific answer, often only "yes" or "no".

Working Purpose

The intended goal or objective behind a task or project at work.

Relevant Information

Data or facts that are directly related and useful to a specific situation or problem.

Branching Questions

Questions designed to lead respondents down different paths based on their answers, often used in surveys or interactive assessments.