Question 6 2 pts What does the VRIO framework tell you, and what does each letter stand for? It tell you that competitive advantage is constantly evolving, and so you need the right capabiles to keep up. The acronym stands for venture, risk, Imitation, and optimization It tells you how to use Porter's 5 Forces Analysis so that you have a better understanding of Industry attractiveness. The acronym stands for valuable, rare, inimitable and organized to capture value You remember me saying in class that this question would be on the exam? Because I did, So I really hope you know the answer It tells you about the characteristics of resources that can contribute to a fimm's competitive advantage. The acronym stands for valuable rare, inimitable and organized to capture value