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8.Discuss the critical assumptions of the resource-based view, and what are the four broad types of resources and capabilities that exist with the firm?
9.What determines whether a resource is valuable to a firm’s potential for competitive advantage?Use of the VRIO framework, which tests: Value, Rarity, Imitability, and Organization10.Using the VRIO framework, identify the competitive implications of a firm’s tangible/intangible resources.11.Describe the kinds of resources and capabilities that are likely to be costly to imitate.