According to the VRIO framework, to fully exploit the competitive potential of its resources, capabilities, and competencies, a firm must be organized to capture value.
A resource is useful if it enables a company to take advantage of an outside opportunity or counteract an outside threat.
The VRIO framework is an internal examination that aids companies in discovering the benefits and assets that offer them a competitive edge. The acronym for the many success metrics that apply to your organization is the VRIO framework. Value, rarity, copyability, and organization are all included.
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The current or checking account typically has very high liquidity, low or no interest, and low minimum balance. The current or checking account usually used for the daily transaction and they have a similar trait like the e-cash<span>. The current or checking account is one of three types of the bank deposit account.</span>
Multiplying the dependent variable by 100 and the explanatory variable by 100,000 leaves the OLS estimate of the slope the same.
Explanation:
Its because, The OLS slope coefficient calculators are not based on the weight.
In statistics ordinary least square (OLS), an estimate of uncertain parameters in the linear regression model is a linear least-square form. OLS is the highest likelihood estimator on the basis that errors naturally are distributed.
The OLS estimator is compatible when the regressors are exogenous and efficient when the errors are homoscedastic and not strongly associated within the class of linear unbiased estimators.
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Answer:
Today, the existing communist states in the world are in China, Cuba, Laos and Vietnam. These communist states often do not claim to have achieved socialism or communism in their countries, but to be building and working toward the establishment of socialism in their countries.
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Answer:
a. Marginal product of a factor of production diminishes as more of it is employed with a given quantity of other inputs
Explanation:
The law of diminishing return states that in applying a successive unit of variable cost to a fixed cost, the return per unit of variable cost will eventually diminish or fall.
What the above means is that at a certain point, the continuous addition of land, labor , capital and entrepreneur will bring about a fall or reduction in output.
An example is where a company operate at a maximum level, there would be a fall in output even when additional workers are employed given that the factors of production are constant.
