The VRIO Assumption That Some of the Resource and Capability

question 75

Multiple Choice

The VRIO assumption that some of the resource and capability differences among firms may be long lasting because it may be very costly for firms without certain resources and capabilities to develop or acquire them is known as

• A) resource mobility.
• B) resource homogeneity.
• C) resource immobility.
• D) resource heterogeneity.

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Definitions:

Overall Margin

The ratio or percentage that represents the difference between a company’s sales and costs, indicating overall profitability.

Break Even

The point at which total costs and total revenues are equal, resulting in no net loss or gain.

Wedding Cakes

A category of custom, often multi-tiered, cakes designed and made for wedding ceremonies, reflecting the couple's preferences and themes of the event.

Avoidable Costs

Expenses that can be eliminated if a particular decision or activity is discontinued.