In the VRIO Framework, the Questions of Value and Rarity

question 8

Multiple Choice

In the VRIO framework, the questions of value and rarity are:

• A)​Determinants of the level of competitive advantage.
• B)​Mostly unrelated issues.
• C) ​Less important than whether a firm's activity can be imitated.
• D) ​Essentially the same question.

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Definitions:

Government Policies

Strategies and decisions made by governmental bodies to guide public administration and achieve particular outcomes.

Equality

The state or condition of being equal, especially in status, rights, and opportunities.

Efficiency

The optimal allocation of resources in a manner that maximizes output or outcomes.

Equality

The state of being equal, especially in status, rights, or opportunities.