What does vrio stand for - Study guides, Class notes & Summaries
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WGU C211 - Global Economics for Managers Exam 3 with Questions Solved with 100% Correct Answers
- Exam (elaborations) • 24 pages • 2024
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Value - Resources must create value when engaging rivals 
Rarity - Certain assets are rare, giving an advantage in competitive dynamics 
Imitability - The inability to have your company imitated would give you a clear advantage in the market 
Organization - Some firms are better organized for competitive actions than others; it is challenging for 
slow-moving firms to wake up and become more aggressive - What does VRIO stand for? 
Ownership - Refers to multinational firm possession and leveragin...
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MBA705 Chapter 9 Questions and Answers | New One | Grade A+
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What does SWOT stand for? 
Ans: Strength, Weakness, Opportunities, Threats 
Which 2 of the SWOT adjectives are internal to an organization? 
Ans: Strengths and Weaknesses 
What is the purpose of SWOT? 
Ans: Useful framework for strategic decision making 
What is a gap analysis? 
Ans: The difference between a firms current position and their desired position in the market 
referring to an internal weakness 
What does the value chain do? 
Ans: Analyze strengthes and weaknesses and understand how ...
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WGU C211 - Global Economics for Managers Exam Questions With Fully Verified Answers
- Exam (elaborations) • 22 pages • 2024
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WGU C211 - Global Economics for 
Managers Exam Questions With Fully 
Verified Answers 
Value - Resources must create value when engaging rivals 
Rarity - Certain assets are rare, giving an advantage in competitive dynamics 
Imitability - The inability to have your company imitated would give you a clear advantage in 
the market 
Organization - Some firms are better organized for competitive actions than others; it is 
challenging for slow-moving firms to wake up and become more aggressive - answ...
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COB 487 Test 1 Review (with Accurate Answers)
- Exam (elaborations) • 7 pages • 2023
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Define Industry correct answers group of producers of close substitutes 
 
Define Strategic Planning correct answers attempt to systematically examine the internal abilities of an organization and its external environment. 
 
Define SWOT correct answers Strengths, Weaknesses, Opportunities & Threats 
 
Regarding strategic planning, what does the question, "what do you want to accomplish?" relate to? correct answers missions & goals 
 
Regarding strategic planning, what does the question, "wha...
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MNG3701 - Case Study: Spurcorp – VRIO Revised Questions and Answers 2023
- Exam (elaborations) • 3 pages • 2023
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MNG3701 - Case Study: Spurcorp – VRIO Revised Questions and Answers 2023 
What does the VRIO framework stand for? 
Valuable- is the resource valuable?, rare- is the resource rare?, imitable- is the resource imitable?, organized- are there organizational processes in place to support valued resources? 
 
 
 
What are the 3 types of resources? 
Tangible, Intangible, Capabilities 
 
 
 
What king of resource does this describe? Spur's strong brand name 
Intangible 
 
 
 
What king of resource do...
And that's how you make extra money
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MNG3701 - CASE STUDY: SPURCORP – VRIO (LATEST QUESTIONS AND ANSWERS) GUARANTEED PASS.
- Exam (elaborations) • 3 pages • 2024
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What does the VRIO framework stand for? 
Valuable- is the resource valuable?, rare- is the resource rare?, imitable- is the resource 
imitable?, organized- are there organizational processes in place to support valued 
resources? 
What are the 3 types of resources? 
Tangible, Intangible, Capabilities 
Brainpower 
Read More 
What king of resource does this describe? Spur's strong brand name 
Intangible 
What king of resource does this describe? reputation for a good steak 
Intangible 
What king ...
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COB 487 Test 1 Review (with Accurate Answers)
- Exam (elaborations) • 7 pages • 2024
-
Available in package deal
-
- $10.39
- + learn more
Define Industry correct answers group of producers of close substitutes 
 
Define Strategic Planning correct answers attempt to systematically examine the internal abilities of an organization and its external environment. 
 
Define SWOT correct answers Strengths, Weaknesses, Opportunities & Threats 
 
Regarding strategic planning, what does the question, "what do you want to accomplish?" relate to? correct answers missions & goals 
 
Regarding strategic planning, what does the question, "wha...
-
WGU C211 - Global Economics for Managers Exam Questions With Fully Verified Answers
- Exam (elaborations) • 22 pages • 2024
- Available in package deal
-
- $13.49
- + learn more
WGU C211 - Global Economics for 
Managers Exam Questions With Fully 
Verified Answers 
Value - Resources must create value when engaging rivals 
Rarity - Certain assets are rare, giving an advantage in competitive dynamics 
Imitability - The inability to have your company imitated would give you a clear advantage in 
the market 
Organization - Some firms are better organized for competitive actions than others; it is 
challenging for slow-moving firms to wake up and become more aggressive - answ...
-
Bus 475 (Questions with error-free answers)
- Exam (elaborations) • 5 pages • 2023
- Available in package deal
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What is PEST? For what is PEST used?* correct answers Macro-Environmental Analysis 
 
1. Political/Legal 
2. Economic 
3. Social/Cultural 
4. Technologoical 
5. Environmental 
 
Name the five forces. What is the purpose of the five forces model?** correct answers Determine the attractiveness of an industry. 
 
1. Buyer Power (Bargaining Power of Suppliers) 
2. Bargaining Power of Suppliers 
3. Threats of Subsititute Products 
4. Threats of New Entrants 
5. Complementary Goods 
6. Rivalry 
 
Ex...
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WPC 480 Final Exam 2023 with verified questions and answers
- Exam (elaborations) • 21 pages • 2023
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What is strategy? 
An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantage. 
 
 
 
What are the 2 business analysis? 
Internal and External. 
 
 
 
What are the 3 business strategies? 
1) Cost, 2) Differentiation, 3) Innovation. 
 
 
 
What is competitive advantage? 
Superior performance relative to other competitors in the same industry or the industry average. 
 
 
 
How do you assess competitive advantage? 
Compare firm performance to a benchmark. 
 
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