Strengths are typically based on the existence and nature of the __________ possessed by the firm. Weaknesses stem from a lack of these important factors.
A) patents and capital
B) resources and relationships
C) customers and partnerships
D) products and customers
E) customers and resources

Question

Quizplus · Accepted Answer

Strengths and weaknesses in a firm are often determined by the resources (such as physical, financial, human resources) and relationships (including partnerships, customer relationships, and network) it possesses. These elements are foundational to a firm's competitive advantage and operational capabilities.

Strengths Are Typically Based on the Existence and Nature of the __________