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Firms with fewer resources are less likely to respond to tactical actions than to strategic actions in order to preserve resources for the most important competitive battles.
Machinery and Equipment
Physical assets used in the production process to manufacture goods or provide services.
Ordinary Maintenance
Routine or regular maintenance work performed to keep equipment, buildings, or machinery in operational condition.
Asset Improvements
Expenditures made to enhance the value, usefulness, or productivity of an asset over its original state.
Extraordinary Repairs
Significant expenditures that extend the useful life of an asset, improve its efficiency, or restore its capacity, distinguished from routine maintenance.
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