Resources:
A) are considered organized if they are easy to imitate by rivals.
B) include labor, land, management, physical, plant, and equipment.
C) are often homogeneous among companies.
D) do not include patents, copyrights, and trademarks.
E) are considered valuable only if they increase a company's costs.

Question

Quizplus · Accepted Answer

Resources include factors of production such as labor, land, management, physical plant, and equipment. These resources are not necessarily homogeneous among companies, and can provide a competitive advantage if organized in a unique way. Patents, copyrights, and trademarks are considered intellectual property, which is a separate category from resources. Increasing costs is not necessarily the only way for resources to provide value to a company.