Lavender Furniture established itself in 1965 as a small firm.It was situated on a small stretch of land located miles away from the town.Over the years, due to the high quality of its products, it acquires enough profits to own multiple assets, such as a bigger plot and machinery, recruit employees and establishe itself as a brand.Which of the following is an element of the strategic management process that Lavender Furniture has acquired?
A) Values
B) Resources
C) Capabilities
D) Fame

Question

Quizplus · Accepted Answer

Resources are the assets that a company owns, such as land, machinery, and employees. Lavender Furniture has acquired multiple assets, such as a bigger plot and machinery, recruit employees and establishe itself as a brand.

Lavender Furniture Established Itself in 1965 as a Small Firm