Resources are best described as
A)those basic inputs that a firm uses to conduct its business.
B)only those features that are visible and easy to quantify.
C)the firm's lending capacity.
D)capabilities that can be exploited.

Question

Quizplus · Accepted Answer

Resources refer to the basic inputs that a firm uses to conduct its business operations. These inputs can include tangible assets such as machinery, equipment, and raw materials as well as intangible assets such as intellectual property, patents, and organizational knowledge. Resources are a critical component of a firm's strategy and are required to create value for customers and stakeholders.

Resources Are Best Described as