Erik, the CEO of Indigo Inc.wants to improve the efficiency and effectiveness of his company.In order to do this, he lists out the assets of Indigo and the knowledge that the company has acquired over the years.Erik also analyzes the company's processes and its overall culture.The factor of production that Erik is studying can be best categorized as:
A) capabilities.
B) resources.
C) attributes.
D) priorities.

Question

Quizplus · Accepted Answer

The assets, knowledge, processes, and culture of a company are all considered resources, which are a key factor of production. Therefore, choice B is the best answer. Capabilities refer to the abilities or skills of individuals or organizations. Attributes refer to qualities or characteristics of something, and priorities refer to the order of importance assigned to various tasks or goals.