Resources can be considered valuable if they enable a company to create a strong demand for its products or if it reduces the costs of producing its products.

Question

Quizplus · Accepted Answer

Resources can be considered valuable if they increase the demand for a company's products, such as through marketing or research and development. Similarly, resources that allow a company to reduce its production costs, such as through efficient supply chain management or advanced technology, can also be valuable. Therefore, both of these criteria can be used to determine the value of resources in a business context.

Resources Can Be Considered Valuable If They Enable a Company