Final answer:
The VRIO framework consists of Value, Rarity, Imitability, and Organization. The option 'E) resource' is not a part of the VRIO components. VRIO is used to assess resources and capabilities for sustainable competitive advantage.
Step-by-step explanation:
The question refers to the VRIO framework, which is a tool for analyzing a company's resources and capabilities to determine their potential as sources of sustainable competitive advantage. VRIO stands for Value, Rarity, Imitability, and Organization. Using this framework, businesses can evaluate whether their resources and capabilities are Valuable, Rare, or costly to Imitate, and if the Organization can exploit them effectively.
Given the options provided, the one that is NOT part of the VRIO framework is E) resource. The correct aspects of the VRIO analysis are Value, Rarity, Imitability, and Organization.