When Comparing the Resources a Company Has at Its Disposal

question 3

True/False

When comparing the resources a company has at its disposal, the capacity to innovate or a positive reputation, both of which are intangible, would be an inferior source of capabilities and core competencies than tangible resources such as copyrights, patents, and the ability to generate funds.

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Definitions:

Marginal Product

The increase in output that results from using one more unit of a particular input, assuming all other inputs remain constant.

Marginal Product

The additional output derived from adding one more unit of a specific input, while holding all other inputs constant.

Workers

Individuals or employees who perform tasks or labor for payment in various sectors of an economy.

Output

The volume of output in terms of products or services from a firm, industry, or the economy as a whole during a defined period.