Competitive responses to the environment should meet what criteria?
A) valuable, clever, and unique
B) valuable, unique and difficult to imitate
C) timely, focused, and valuable
D) rare, difficult to imitate, and difficult to create
E) aggressive, timely, and swift

Question

Quizplus · Accepted Answer

Competitive responses to the environment should be valuable to the company, unique from its competitors, and difficult to imitate by others. This is known as the VRIO framework, which stands for valuable, rare, inimitable, and organized. Option B includes all the criteria of the VRIO framework. Options A and E do not include the inimitable criterion, while options C and D do not include the rare criterion.

Competitive Responses to the Environment Should Meet What Criteria