Tangible resources are physical items including cash, inventory, machinery, land or buildings . These items can be easily liquidated and have a set value.
Which of the following is a tangible resource?
Tangible resources are physical items including cash, inventory, machinery, land or buildings . These items can be easily liquidated and have a set value.
Which of the following is considered an intangible resource of a firm?
Goodwill, brand recognition and intellectual property , such as patents, trademarks, and copyrights, are all intangible assets. Intangible assets exist in opposition to tangible assets, which include land, vehicles, equipment, and inventory.
Which of the following is an example of a firms capabilities?
Which of the following is an example of a firm’s capabilities? ex: A firm’s capabilities include skills involved in training and managing a workforce . Capabilities are the organizational and managerial skills necessary to orchestrate a diverse set of resources and to deploy them strategically.
Which of the following business tools focuses on a firm’s external threats and opportunities Group of answer choices?
SWOT is a traditional analytical tool that identifies a firm’s strengths, weaknesses, opportunities, and threats (SWOT is an acronym of these four factors).
What are the example of tangible?
Tangible is defined as a real thing that can have value. An example of tangible is a car when discussing someone’s will . The definition of tangible is being touchable or real. An example of tangible is the Pyramid of Giza as an example of Egyptian history.
What are the types of tangible resources?
The four types of tangible resources are financial, organizational, physical, and technological . The three types of intangible resources are human, innovation, and reputational.
What mean tangible?
1a : capable of being perceived especially by the sense of touch : palpable. b : substantially real : material. 2 : capable of being precisely identified or realized by the mind her grief was tangible. 3 : capable of being appraised at an actual or approximate value tangible assets . tangible.
What are examples of intangible property?
Some examples of intangible personal property include image, social, and reputational capital , and recently, personal social media pages and other personal digital assets. Companies also have intangible property, such as patents, copyrights, life insurance contracts, securities investments, and partnership interests.
What are examples of intangible resources?
- patented technology, computer software, databases and trade secrets.
- trademarks, trade dress, newspaper mastheads, internet domains.
- video and audiovisual material (e.g. motion pictures, television programmes)
- customer lists.
- mortgage servicing rights.
What are the four characteristics of strategic resources?
What are the four characteristics of strategic resources? Valuable, rare, difficult to imitate, and nonsubstitutable . Resources that help a firm create strategies that capitalize on opportunities and ward off threats.
What is resource based model?
Definition. The resource-based view (RBV) is a model that sees resources as key to superior firm performance . If a resource exhibits VRIO attributes, the resource enables the firm to gain and sustain competitive advantage.
What is resource and capabilities?
Resources are the organization’s assets, knowledge and skills . Capabilities can be defined as the organization’s ability to effectively make use of its resources. ... Such an organization is less likely to be among those that make a unique and/or creative contribution in the market.
What are examples of opportunities?
Opportunities refer to favorable external factors that could give an organization a competitive advantage . For example, if a country cuts tariffs, a car manufacturer can export its cars into a new market, increasing sales and market share.
What are examples of threats in SWOT?
- Competition. The potential actions of a competitor are the most common type of threat in a business context. ...
- Talent. Loss of talent or an inability to recruit talent. ...
- Market Entry. The potential for new competitors to enter your market. ...
- Prices. ...
- Costs. ...
- Approvals. ...
- Supply. ...
- Weather.
What is a SWOT analysis describe the 4 areas?
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats , and so a SWOT Analysis is a technique for assessing these four aspects of your business. You can use SWOT Analysis to make the most of what you’ve got, to your organization’s best advantage.
