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vodomira [7]
2 years ago
8

The ______ is a theoretical model that explains and predicts what resource attributes underpin competitive advantage. It identif

ies which types of resources are key to firm performance.
Business
1 answer:
kompoz [17]2 years ago
8 0

The <u>VRIO</u><u> </u><u>framework</u> is a theoretical model that explains and predicts what resource attributes underpin competitive advantage. It identifies which types of resources are key to firm performance.

<h3>What is a VRIO framework?</h3>

VRIO is a business analysis framework that forms part of a firm's larger strategic scheme. The basic strategic process that any firm begins with a vision statement, and continues on through objectives, internal & external analysis, strategic choices, and strategic implementation.

Therefore, the correct answer is as given above.

learn more about VRIO framework: brainly.com/question/26286846

#SPJ1

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Consider the economy of Arcadia. Its households spend 75% of increases in their income. There are no taxes and no foreign trade.
Allisa [31]

Answer:

The economy has an actual output of 700 billion, and its potential ouput was 600 billion, therefore, we can say that the economy is already performing well, beyond potential, for this reason, the government should simply not intervene, because government intervetion reduces the economic efficiency of market outcomes.

If the economy was below potential, the government could tax some of the 25% income that households save, in order to increase spending. This would promote economic growth, bringing the economy closer to potential.

7 0
3 years ago
Jones &amp; Hilton Co. owned a large cold storage warehouse where they stored and processed meat and meat products. An insider r
8090 [49]

Answer:

4. U.S. Department of Agriculture

Explanation:

The U.S. Department of Agriculture, one of the most powerful executive departments in the United States, has as one of its functions the responsability to ensure food safety.

For this goal, it has one subdivision: the Food Safety and Inspection Service, which has over 9,000 employees across the U.S.

That is the specific department that would carry out the inspection, and initiate legal proceedings in case of irregularities. It is in charge of ensuring food safety for consumers in the places where food is manipulated, distributed, and sold.

4 0
3 years ago
How often should i take my scuba cylinder to be visually inspected by my dive center?
Bas_tet [7]
<span>You should bring your scuba cylinder to be inspected at least once a week. If for some reason you feel like you are having issues then bring it more frequently. The cylinder is an important tool when going under the water.</span>
4 0
3 years ago
Consider a firm with only one variable input, labor. Firm output is zero when labor is zero. When the firm hires 6 workers the f
Charra [1.4K]

Answer:

$0.808

Explanation:

Given:

Number of workers hired = 6

Number of units to be produced = 90

Fixed cost of the product = $6 per unit

Variable cost = $10 per unit

Marginal product of the 7th unit of labor = 4

Now,

Total variable cost = Variable cost per unit labor × Total labor hired

or

The total variable cost = $10 × 7 = $70

Thus,

The total cost = Fixed cost + Total variable cost

or

The total cost = $6 + $70 = $76

Now,

the total units produced

= Unit produced by 6 labor + marginal product from seventh labor

or

The total units produced = 90 + 4 = 94

Hence,

the average variable cost of production when the firm hires 7 workers

= \frac{\textup{Total cost of production}}{\textup{Total units produced}}

or

= \frac{76}{94}

= $0.808

6 0
3 years ago
Read 2 more answers
An opportunity cost is​ ________. A. the benefit gained by choosing a certain course of action B. costs that have been incurred
Oliga [24]

Answer: Option (D)

Explanation:

Opportunity costs are known to present the benefits that an individual misses while they opt for an alternative over the another one. When an individual chooses an option from the alternatives, then the opportunity cost is referred to as the cost that has incurred by not appreciating the benefit which are confederated with the known alternative choice.

8 0
3 years ago
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