Which characteristic of firm resources affects competitive dynamics, according to the VRIO framework? a. Variability b. Optimization c. Interpretability d. Rarity
Ans.- Rarity
VRIO Analysis is an analytical technique briliant for the evaluation of company’s resources and thus the competitive advantage. VRIO is an acronym from the initials of the names of the evaluation dimensions: Value, Rareness, Imitability, Organization.
Which characteristic of firm resources affects competitive dynamics, according to the VRIO framework? a. Variability b....
According to the VRIO Framework, a Sustained Competitive Advantage is a product of a resource or capability being valuable, rare, and costly to imitate when the organization in possession of said resource or capability is properly organized to capture value. True False
1 The VRIO framework evaluates a firm's competencies by examining the variables of value, rareness, imitability, and a. organization. b. objective. c. operating cash flow. d. outsourcing. e. ownership. 2 According to the resource-based view of the firm, which of the following is one of the two characteristics of resources and capabilities that are important in sustaining competitive advantage? a. timeliness. b. certainty. c. translucence. d. durability. e. permeability. 3 The particular strengths and weaknesses that will help determine the...
According to the Conceptual Framework which of these is not an essential characteristic of an asset? Select one: O a. The future economic benefits can be reliably measured. O b. There must be future economic benefit O c. The entity must have control over the future economic benefits. O d. It must have a re-sale value.
which of the following is not characteristic of a monopolistically competitive firm in a long-run equilibrium a price is equal to marginal cost b marginal revenue is equal to marginal cost c the firm has excess capacity d price is equal to average revenue
20. Which of the following statements is not a characteristic of a perfectly competitive firm? a. Perfectly competitive firms view each other as fierce rivals. b. Firms are price-takers. c. All firms produce a homogeneous product. d. Perfectly competitive markets allow freedom of entry and exit. 21. Since the firm’s demand curve is perfectly elastic for a price-taking firm, a. P = MR. b. P = MRP. c. P = TR. d. both a and b. e. both a and...
Consider these two statements: a. Resources that are valuable, but not rare can often be a source of competitive advantage b. The VRIO framework suggests that resources that are common (that is not rare) do not contribute to generating value to customers. Question 7 Question 8 Time Elapset: Hide of de Sep 10 pm 5 Minutes 25 Seconds Both are True Als False, but Bis True A True, but Bis False Both are False Question 2 Which answer best completes...
Which of the following is not a characteristic of a monopolistically competitive market structure? A.) Each firm must react to actions of other firms. B.) There are low barriers to entry of new firms. C.) There is a large number of independently acting small sellers. D.) All sellers sell products that are differentiated.
14. Which of the following is a characteristic of a perfectly competitive firm? A Jordon cannot tell which farm the peaches came from because they all look alike. B Donelli's Pizza was voted the best pizza in town by readers of the local newspaper. C People who want to open a bank in Kansas must obtain a charter from the Comptroller of the Currency, and there is a limit on the number of new banks. D Devin's new business software...
can anyone please answer the questions? it's about Management Decisions class. Thank you so much!! 28) The set of business activities in which a fim engges to develop, produce, and market its products or services is known as its A) value chain B) physical resources cjorganizational resources D) human resources 29) If in the process of maximizing its performance, a firm engages in activities that pollute the environment, the impact of that pollution is a(n) A) capability. B) externality. C)...
Which of the following is not a characteristic of high-performing teams? a. focusing on group dynamics b. shared responsibility c. having a common purpose d. open, honest communication e.rapid response