BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Tangible Resources
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Intangible Resources
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Core Competencies
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Competitive Advantage
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Detailed explanation-1: -Tangible resources are represented by assets that can be seen and quantified. They are not only represented by the firm’s physical resources (such as plant and equipment), but also by other assets, such as the firm’s borrowing capacity, the skills and attributes of its staff, and its technological capacities.
Detailed explanation-2: -What are tangible assets? A tangible asset is an asset that has physical substance. Examples include inventory, a building, rolling stock, manufacturing equipment or machinery, and office furniture. There are two types of tangible assets: inventory and fixed assets.
Detailed explanation-3: -The four types of tangible resources are financial, organizational, physical, and technological. The three types of intangible resources are human, innovation, and reputational.
Detailed explanation-4: -Tangible resources are resources that can be readily seen, touched, and quantified, such as physical assets, property, plant, equipment, and cash.
Detailed explanation-5: -Tangible assets are generally anything you can physically touch-from inventory to buildings to copying machines. Intangible assets, meanwhile, are anything of value that you can’t physically touch such as trademarks, domain names, and the goodwill you’ve built up around your company’s reputation.