A firm's resource at a given point in time can be defined as:
A)those investments made by it in profitable organizations.
B)those tangible and intangible assets attached to it semipermanently.
C)its ability to control the market price.
D)its lobbying ability built over years of experience.

Question

Quizplus · Accepted Answer

A firm's resources are assets that are attached to it semipermanently, including tangible (such as equipment or real estate) and intangible (such as intellectual property or brand reputation) assets. Choices A, C, and D do not accurately define a firm's resources.

A Firm's Resource at a Given Point in Time Can