One Attribute of the VRIO Framework Is Relevant to the Organization

question 72

Essay

One attribute of the VRIO framework is relevant to the organization rather than the resources.Briefly describe this element of the framework and why it is important.

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Definitions:

Plus Or Minus Signs

Symbols used to indicate the precision of an approximate number, or to show the range of possible values around a given value.

X-axis

The horizontal axis in a graph or chart, commonly used to represent the independent variable's range of values.

Normal Curve

A symmetrical, bell-shaped curve that represents the distribution of many types of data where most values cluster around a central mean.

Z Score

A measure of how many standard deviations an element is from the mean.