A definition of the firm following Edith Penrose focuses on the role of:
A) technology
B) capital
C) resources
D) network

Question

Quizplus · Accepted Answer

According to Edith Penrose, the main role of a firm is to manage and coordinate its resources in order to create value and produce goods or services. These resources can include tangible assets such as equipment and facilities, but also intangible assets such as knowledge, skills, and relationships. Therefore, the correct choice is C, resources.

A Definition of the Firm Following Edith Penrose Focuses on the Role