GRE measures your academic aptitude and skills. Graduate and Business Schools looks for specific skills in a candidate. A graduate school may look for better VA Score another look for Quant Score, some other may look for overall score. What skills and aptitude and skills a graduate school in a candidate depend on program.
GRE is accepted worldwide across thousands of graduate and business schools. Here is List of Graduate and Business Schools accepting GRE Score
Source: Gre.org
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