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Physical Resources Include the Firm's Systems and Processes,including Its Strategies,structure,culture,financial

question 30

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Physical resources include the firm's systems and processes,including its strategies,structure,culture,financial base,research and development,marketing,information systems,and control systems.


Definitions:

Decision Making

The cognitive process of selecting a course of action among several alternatives, often involving judgment, evaluation, and reasoning.

Organizations

Groups or entities that are structured and managed to meet a particular objective or set of objectives, ranging from businesses to nonprofits.

Boss

A person who is in charge of a worker or organization and has the authority to make decisions and give orders.

Explicit Memory

A type of long-term memory involving conscious recall of facts and experiences.

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