According to the VRIO Framework,a Firm with an Organized,valuable,rare,but Imitable

question 8

Multiple Choice

According to the VRIO framework,a firm with an organized,valuable,rare,but imitable resources and capabilities will display a(n) _____ performance.

• A) below average 
• B) average 
• C) above average 
• D) poor

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Definitions:

Diminishing Marginal Utility

The principle that as a person consumes more of a good, the satisfaction (utility) gained from consuming an additional unit decreases.

Total Satisfaction

The total amount of pleasure or utility that a consumer receives from consuming a certain quantity of goods or services.

Utility-Maximizing

The process of adjusting consumption of goods and services to achieve the highest possible level of satisfaction or utility.

Satisfaction

Describes the feeling of fulfillment or pleasure that comes from acquiring or consuming a product or service.