Owning Resources Which Do Not Meet the VRIO Test of Value

question 79

True/False

Owning resources which do not meet the VRIO test of value puts the firm at a competitive advantage.False: Owning resources which do not meet the VRIO test of value puts the firm at a competitive disadvantage.Easy;Comprehension

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Definitions:

Grameen Bank

A microfinance organization and community development bank founded in Bangladesh that makes small loans to impoverished borrowers.

Environmentally Harmful Subsidies

Financial contributions or incentives from governments that encourage practices detrimental to the environment, such as fossil fuel production and agriculture that leads to deforestation.

Unnecessary Consumption

The purchasing or usage of goods and services in excess of one's practical needs, often leading to wastefulness.