General Studies · VRIO Framework & Resource-Based View
Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: An organisational resource that is both valuable and rare guarantees a sustained competitive advantage, even if competing firms can easily replicate it by hiring the same personnel or copying the same processes. Reason R: Resources become costly for competitors to imitate when they are protected by mechanisms such as unique historical conditions, causal ambiguity, social complexity, and legal protection. In the light of the above statements, choose the most appropriate answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both A and R are correct and R is the correct explanation of A
- 2A is not correct but R is correct✓
- 3A is correct but R is not correct
- 4Both A and R are correct but R is NOT the correct explanation of A
Correct answer
A is not correct but R is correct
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