Question

Without available resources (such as financial capital and people), the firm lacks the ability to attack a competitor or respond to its actionsTrue/False

Answer 1

Without available resources such as financial capital and people, a firm lacks the ability to attack a competitor or respond to its actions.

Step-by-step explanation:

The statement is True.

Without available resources such as financial capital and people, a firm lacks the ability to attack a competitor or respond to its actions effectively. Financial capital is necessary to invest in research and development, marketing, and other strategies to gain a competitive advantage. Without sufficient funds and a skilled workforce, a firm would struggle to compete in the market.