Which of the following statements best describes a firm's resources?
A)They explain why firms allocate critical resources to achieve key objectives.
B)They represent how firms do things and which processes they use.
C)They refer to what a firm employs to create value and competitive advantage.
D)They depict the production processes a firm uses.

Question

Quizplus · Accepted Answer

Resources refer to what a firm employs to create value and competitive advantage, such as physical assets, intellectual property, human resources, and financial resources. Options A, B, and D do not fully capture the scope of a firm's resources.

Which of the Following Statements Best Describes a Firm's Resources