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24 June, 05:36

In business, the acronym VRIO stands for Value, Rarity, Imitability, and Opportunity. a. True b. False

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  1. 24 June, 07:47
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    b. False

    Explanation:

    The VRIO framework is used for ascertaining a company's resources and it's competitive advantage.

    VRIO is an acronym which stands for value, rarity, Imitability and Organization.

    Value refers to question on whether available resources are capable of harnessing opportunities and minimizing threats.

    Rarity refers to the question of possession of unique or rare resource capabilities which can yield competitive advantage.

    Imitaility relates to the question of duplicity or imitating competitors.

    Organization refers to organizing available resources and capabilities in such a manner so as to utilize them optimally.
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