Question: A company is evaluating its internal environment using the VRIO framework. It finds that its proprietary technology is valuable and rare but can be easily
A company is evaluating its internal environment using the VRIO framework. It finds that its proprietary technology is valuable and rare but can be easily imitated. What strategic action should the company take to maintain its competitive advantage?
Group of answer choices
Invest in additional resources to make the technology inimitable
Expand its product line to diversify revenue streams
Reduce costs to improve profitability
A Increase marketing efforts to boost brand recognition
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