If you are encountering error messages like "api-ms-win-crt-runtime-l1-1-0.dll is missing" or applications failing to launch, you likely need to install or update this package.
Visual C++ Redistributable Packages for Visual Studio 2013 - Microsoft update for visual c++ 2013 redistributable package
MSVCP120.dll was not found. Reinstalling the application may fix this problem. The application was unable to start correctly (0xc000007b). Key Bug Fixes in the Final Release update for visual c++ 2013 redistributable package