Onyx Tech Inc.'s competency in designing and manufacturing efficient microprocessors has made its laptops the most advanced computers in the market.This competency, along with the just-in-time manufacturing system, has enabled Onyx Tech Inc.to increase its profitability by lowering its production costs.Thus, Onyx's competency in designing and manufacturing microprocessors will be considered a(n)_____ resource in the VRIO framework.
A) valuable
B) inexhaustible
C) tangible
D) perishable

Question

Quizplus · Accepted Answer

Onyx's competency in designing and manufacturing microprocessors will be considered a valuable resource in the VRIO framework. A resource is valuable if it helps a firm increase the perceived value of its product or service in the eyes of consumers, either by adding attractive features or by lowering price because the resource helps the firm lower its costs.