Based on the VRIO Framework, a Resource Can Be Considered

question 65

Multiple Choice

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

• A) shared by most companies in an industry.
• B) rare, valuable, difficult to imitate and organized or managed by the company.
• C) the foundation of a company's strategy.
• D) 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.

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Definitions:

Homozygous

Possessing two identical alleles for a particular trait.

Guinea Pigs

Small rodents widely used as pets and in scientific research, belonging to the species Cavia porcellus.

Dominant Phenotype

Refers to the trait that appears in an individual's phenotype when at least one dominant allele for a particular gene is present.

Recessive Phenotype

An observed trait or characteristic of an organism that results from having two recessive alleles for a particular gene.