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Answer :
b) False, The VRIO framework offers a tool for assessing the external forces at play in an industry.
The VRIO framework is a tool used for assessing a firm’s internal resources and capabilities to determine its competitive advantage. VRIO stands for Value, Rarity, Imitability, and Organization. It is used to evaluate resources within the organization rather than external forces or threats, which are typically analysed using tools like Porter's Five Forces model.
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