A firm's resources and capabilities are the tangible and intangible assets used to choose and implement its strategies.

Question

Quizplus · Accepted Answer

This statement is true. A firm's resources refer to its physical assets such as buildings, equipment, and finances while its capabilities are its intangible assets such as knowledge, skills, and organizational culture. Together, these resources and capabilities help a firm to develop and execute its strategies in achieving its goals.

A Firm's Resources and Capabilities Are the Tangible and Intangible