In Jay Barney's Model, VRIO Stands for Which Four Concepts

question 40

Multiple Choice

In Jay Barney's model, VRIO stands for which four concepts?

• A)variability, returns, industry, operations
• B)valuable, rare, imitate, organized
• C)valuable, returns, industry, organized
• D)variability, rare, imitate, operations

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Definitions:

Domestic Workforce

Employees who work within their own country, often distinguished from an international or global workforce.

New Economy

Refers to the shift from traditional manufacturing and industry-based economies to an economy focused on technology, digital services, and information.

Virtual Workforce

A group of individuals who work remotely, often from various geographical locations, connected via technology.

Drawbacks

Disadvantages or negative aspects associated with a decision, action, or product.