According to the VRIO Framework,a Firm Can Gain a Competitive

question 35

Multiple Choice

According to the VRIO framework,a firm can gain a competitive advantage if it has resources that are _____ and captured by an organized firm.

• A) varied, refined, costly to introduce
• B) valuable, refined, costly to introduce
• C) valuable, rare, costly to imitate
• D) varied, rare, costly to imitate

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Definitions:

Negotiating Behavior

Pertains to the actions, strategies, and tactics exhibited by individuals or groups during the process of negotiating.

Publicly Praising

The act of expressing approval or admiration for someone or something in a public setting or forum.

Firing

The act of terminating someone's employment due to various reasons such as poor performance, misconduct, or organizational changes.

Indirect Communications

A communication style where messages are conveyed through implication or suggestion rather than direct statements.