Question: Based on the VRIO framework, a resource can be considered a source of competitive advantage if it: is shared by most companies in an industry.
Based on the VRIO framework, a resource can be considered a source of competitive advantage if it:
is shared by most companies in an industry.
is the foundation of a company's strategic plan.
is kept as a trade secret rather than as a patent.
is rare, valuable, difficult to imitate, and organized or managed by the company.
increases the cost of producing the product and, therefore, the price charged to customers.
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