Question: Question 5 1 pts Based on the VRIO framework, which of the following best describes a sustainable competitive advantage? Group of answer choices A resource

Question 51 pts
Based on the VRIO framework, which of the following best describes a sustainable competitive advantage?
Group of answer choices
A resource that is necessary for all firms in the industry to operate successfully
An advantage that is difficult for other firms to directly duplicate but for which low-cost substitutes are available
An advantage that cannot be competed away through strategic imitation
A resource that previously had significant value to the firm, however due to changing conditions is no longer needed
A resource integral to any firm that is operating profitably

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