The VRIO assumption that some of the resource and capability differences among firms may be long lasting because it may be very costly for firms without certain resources and capabilities to develop or acquire them is known as
A) resource mobility.
B) resource homogeneity.
C) resource immobility.
D) resource heterogeneity.

Question

Quizplus · Accepted Answer

The VRIO assumption that some of the resource and capability differences among firms may be long lasting because it may be very costly for firms without certain resources and capabilities to develop or acquire them is known as resource immobility. This means that certain resources and capabilities are difficult to obtain or copy, giving firms that possess them a competitive advantage, while making it difficult for other firms to catch up or compete.

The VRIO Assumption That Some of the Resource and Capability