In the Context of a Firm, Resources Refer to the ________

question 36

Multiple Choice

In the context of a firm, resources refer to the ________.

• A)assets that the firm accumulates over time, such as plants, equipment, land, brands, patents, cash, and people
• B)processes or recipes the firm develops to coordinate human activity to achieve specific goals
• C)investor's uncertainty about the profits or losses that will result from a particular investment
• D)advantages that firms have over their competitors in the activities associated with producing a product or service