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The Two Broad Categories of Resources Typically Considered During Planning

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Essay

The two broad categories of resources typically considered during planning and SWOT analysis are tangible assets and intangible assets. List two examples of tangible assets and two examples of intangible assets available to or used by an organization. Describe under what circumstances resources can be a source of competitive advantage.


Definitions:

Polychlorinated Biphenyl

Polychlorinated biphenyls (PCBs) are a group of man-made organic chemicals consisting of carbon, hydrogen, and chlorine atoms, known for their environmental toxicity and classification as persistent organic pollutants.

Gas Mileage

A measure of how many miles a vehicle can travel on a gallon of fuel.

Type I Error

An error that occurs in hypothesis testing when a true null hypothesis is incorrectly rejected.

Type II Error

Occurs when a false null hypothesis is not rejected, meaning a real effect or difference is missed in a study or test.

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