According to the VRINE Model, Resources and Capabilities ________

question 124

Multiple Choice

According to the VRINE model, resources and capabilities ________.

• A) are equal in their potential contributions to competitive advantage
• B) can be copied from leading competitors to gain a competitive advantage
• C) contribute to competitive advantage to the extent that they satisfy the components of the model
• D) are turned into strengths when a firm gains a competitive advantage

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Definitions:

February

The second month of the year in the Gregorian calendar.

March

The third month of the year in the Gregorian calendar, often associated with financial and performance reporting for the first quarter.

Labor Efficiency Variance

The difference between the actual hours worked and the standard hours expected to produce a certain level of output, valued at the standard labor rate.

February

The second month in the Gregorian calendar, recognized for its 28 days in regular years and 29 days during leap years.