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:

States

Temporary patterns of thought, feeling, or behavior.

Walter Mischel

A psychologist known for his research on personality theory and cognitive psychology, including the famous Marshmallow Test related to delayed gratification.

Circumstances

A condition or fact that affects a situation, often used in reference to the specific details or context surrounding an event or decision-making process.

Personality Paradox

The idea that people seem to behave much less consistently than a trait conception would predict.