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Question: Which of the following aspects must be studied when following the Resource-Based View in doing an internal environmental analysis? Select one: a. Tangible resources and organisational capabilities b. Internal factor evaluation matrix c. Primary activities and VRIO framework d. Support activities and customer services
a. Tangible resources and organisational capabilities The Resource-Based View (RBV) of a firm focuses on the idea that a firm's competitive advantage is derived from its resources and capabilities. Tangible resources are something a company physically has, such as cash, machinery, or property, and organizational capabilities refer to a company's ability to manage resources in a way that also provides competitive advantage. Therefore, both tangible resources and organizational capabilities are critical aspects to study when utilizing a Resource-Based View for an internal environmental analysis.
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