Question

All assets, capabilities, organizational processes, firm attributes, information, knowledge, and so on, controlled by a firm that enable the firm to conceive of and implement strategies that improve its efficiency and effectiveness most accurately defines the term __________.

Answer 1

Resources

Step-by-step explanation:

In company's perspective, Resources are the things available at company's disposal that can be used to achieve its goal. This could includes both animated objects , living subjects, or even an abstract concept.

But in general,for a company to be formed, it needs to possess three of the most basic resources.

- Land

This consists of fixed assets that the company need for its operation. Such as land and building.

- Labor

This include workers that contribute their effort for the company.

- Capital

This is the amount of money that the company can use to fund the operation.

Things such as information, managerial skills, firm attributes, etc are considered as resources too. But all of them can be postponed until the three basic resources are met.