Creating Resources That Meet the VRIO Criteria Is Strategically Important

question 23

Multiple Choice

Creating resources that meet the VRIO criteria is strategically important to a firm because it

• A) helps the firm curb its resource heterogeneity and resource immobility.
• B) facilitates greater knowledge diffusion in the industry.
• C) leads to competitive parity within the industry.
• D) helps the firm to gain and sustain a competitive advantage.

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Definitions:

HMI Graphic Terminal

A user interface device consisting of a touch screen or buttons, which allows operators to control or monitor industrial processes.

Animate Objects

Refers to the process of making objects move or appear lifelike, often used in the context of animations, simulations, or video games.

Closed-Loop Control

A control system methodology where the control action is dependent on the output, incorporating feedback to adjust and correct the system's operation.

Controller Receives

Refers to the action when a control device accepts or processes an input signal or instruction to manage or manipulate a process or operation.