VRIO Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about VRIO? On this page you'll find 205 study documents about VRIO.
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WPC 480 (FINAL EXAM WITH 100% CORRECT ANSWERS ALREADY GRADED A+).
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Ackbar, Inc. has had high growth in profits for several years, and each year it has had the highest profits ever. What can you assess about Ackbar's strategic competitive advantage? 
Can assess nothing about competitive advantage. 
 
 
 
Firms that outperform all their competitors must have a high quality strategy. 
False 
 
 
 
It is not rare that a CEO of a large, public organizations will be given a raise and/or bonus even though the profitability of the firm has been negative for several ye...
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TMP 120 Final Exam Questions & Answers 2023/2024
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TMP 120 Final Exam Questions & Answers 2023/2024 
 
 
competitive advantage - ANSWER-When a firm possesses advantage over its rivals, it earns or has the potential to earn a persistently higher rate of profit. Higher returns allow reinvestment and continuing superior performance. 
 
What are the attributes of a firm that has a competitive advantage (VRIO) - ANSWER-Value: fits customer needs better than any other firm 
Rare: scarce resources 
Inimitability: hard to imitate 
Organized to capture m...
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ENVRIO HEALTH MIDTERM: INFECTIOUS DISEASE QUESTIONS AND ANSWER 2023 GRADED A+ UPDATE
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ENVRIO HEALTH MIDTERM: INFECTIOUS DISEASE QUESTIONS AND ANSWER 
2023 GRADED A+ UPDATE
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WPC 480: M1-M13 QUESTIONS AND ANSWERS 100% PASS
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WPC 480: M1-M13 QUESTIONS AND 
 
ANSWERS 100% PASS 
 
The purpose of strategy in business is to do what? 
To create and provide the business with sustainable competitive advantage 
The difference between strategic decisions and tactical decisions is one of degree. The 
characteristics that differentiate between a strategic decision and a tactical decision is based on 
which of the following. 
Amount of available resources consumed by the decision, Ability to reverse the decision and 
Temporal im...
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MNG3701 - Case Study: Spurcorp – VRIO Revised Questions and Answers 2023
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MNG3701 - Case Study: Spurcorp – VRIO Revised Questions and Answers 2023 
What does the VRIO framework stand for? 
Valuable- is the resource valuable?, rare- is the resource rare?, imitable- is the resource imitable?, organized- are there organizational processes in place to support valued resources? 
 
 
 
What are the 3 types of resources? 
Tangible, Intangible, Capabilities 
 
 
 
What king of resource does this describe? Spur's strong brand name 
Intangible 
 
 
 
What king of resource do...
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WPC 480 CHAPTER 4 (BURGMAN) WITH 100% CORRECT ANSWERS ALREADY GRADED A+.
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Core Competencies 
embedded strengths enabling value-creation 
 
 
 
Capabilities 
strategically orchestrating diverse resources 
 
 
 
Resources 
assets leveraged for strategy/ formulation 
 
 
 
Looking Inside the Firm for Core Competencies 
Competitive advantage derives from core competencies, which enable: 
1. Differentiation of products/services creating perceived value, or 
2. Cost leadership - offering products/services of comparable value at lower cost 
 
 
 
(Diagram) Looking Inside the...
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MBA 705 CH 8&9 Graded A+
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MBA 705 CH 8&9 Graded A+ 
Capital-Labor Substitution ️An organization's ability to substitute labor for capital or vice versa as 
production increases. 
Experience Curve ️The reduction in per-unit costs that occur as an organization gains experience 
producing a product or service. It's based on three underlying concepts: (1) learning, (2) economies of 
scale, and (3) capital-labor substitution possibilities 
Functional Strategies ️The strategies pursued by each functional area of ...
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WGU C211 Global Economics for Managers, Questions and answers, 100% Accurate. Rated A+ 2024
- Exam (elaborations) • 7 pages • 2023
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Which two phrases represent the views of globalization? Choose two answers. - -- A pendulum that 
swings from one extreme to another. 
- A competition among key financial centers and markets. 
What are two trade barriers? - -- Nontariffs 
- Tarriffs 
What is the effect of tariff on a particular product for the country imposing the tariff? - -Increases 
domestic production of the product. 
Which benefits come to the host country as a result of foreign direct investment? - -- Creation of 
domestic...
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MBA 705 CH 8&9 Questions and Answers
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MBA 705 CH 8&9 Questions and Answers 
Capital-Labor Substitution - Correct Answer ️️ -An organization's ability to substitute 
labor for capital or vice versa as production increases. 
Experience Curve - Correct Answer ️️ -The reduction in per-unit costs that occur as an 
organization gains experience producing a product or service. It's based on three 
underlying concepts: (1) learning, (2) economies of scale, and (3) capital-labor 
substitution possibilities 
Functional Strategies - ...
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WGU C211 Study Guide Questions And Answers | 2023 Solutions Graded A+
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WGU C211 Study Guide Questions And Answers | 2023 
Solutions Graded A+ 
What is Foreign Direct Investment? is direct investment in, control, and 
management of value-added activities in other countries. 
What different political views exist on FDI? Radical, Free Market, and Pragramatic 
Nationalism 
What benefits exist to a country receiving FDI? Capital inflow, Technology, 
management, job creation 
What costs exist to a country receiving FDI? Loss of sovereignty, adverse effects on 
competitio...
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