Where There Are Several Competitors,the VRIO Tests May Break Down

question 15

True/False

Where there are several competitors,the VRIO tests may break down.

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Definitions:

Conditioned On

Depending on a specific requirement or prerequisite being met.

Duty of Substantial Performance

An obligation requiring a party to perform their contractual duties to such a degree that the essential purpose of the contract is met, even if some minor details are incomplete.

Breach of Contract

A violation of any of the agreed-upon terms and conditions of a binding contract without a lawful excuse.

Conditional

Pertaining to an agreement or provision that becomes effective only when a specific requirement or condition is met.