It is vital for a business strategist to distinguish between a firm's resources and its capabilities.

Question

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It is essential for a business strategist to know that resources refer to the inputs used for producing goods or services, such as labor, machinery, and raw materials. In contrast, capabilities are the firm's ability to use its resources effectively in achieving its objectives. Understanding the difference between the two can help a strategist create a sustainable competitive advantage for the firm by aligning resources and capabilities to the business's long-term goals.

It Is Vital for a Business Strategist to Distinguish Between