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The resources of a firm typically include tangible assets such as machinery, buildings, and inventory, as well as intangible assets like brand reputation, intellectual property, and customer relationships. Human resources, including the skills and expertise of employees, are also crucial. Additionally, financial resources encompass capital, cash flow, and access to funding, all of which enable the firm to operate and grow. Together, these resources contribute to the firm's competitive advantage and overall performance.
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What is the difference between resources and capabilities and why do you need both?
A firms resources identifies its capabilities. Resources are the productive assets owned by the firm and capabilities speak to what the firm can do with those resources. Why the firm needs them? Without resources the the firms capabilities are limited.
The unique combination of resources experiences and expertise within a particular firm is called what?
The unique combination of resources, experiences, and expertise within a particular firm is called
Calculate the firm's daily cash operating expenditure. If the firm pays 14 percent for resources by how much?
To calculate the firm's daily cash operating expenditure, you need to know the total daily operating costs. If the firm pays 14 percent for resources, you would multiply the total operating costs by 0.14 to find the amount spent on resources. For example, if the daily operating costs are $1,000, the expenditure on resources would be $140. Therefore, the firm's daily cash operating expenditure includes this resource cost along with other operating expenses.
What is the difference between internal and external growth for a firm?
Internal growth, or organic growth, refers to growth strategies where a firm uses its own resources. External growth involves a firm using or accessing the resources of another firm to grow. Examples of external growth strategies include joint ventures, strategic alliances and acquisitions.
What factors a financial manager consider while estimating working capital requirements of a firm?
There are many factors that a financial manager will consider while estimating working capital requirements of a firm. The main factors will include the availability of resources and the returns it will bring to the firm.
Discussing theVarious ways by which a firm can source for its resources?
A firm resources can be sourced in various ways
What is the difference between resources and capabilities and why do you need both?
A firms resources identifies its capabilities. Resources are the productive assets owned by the firm and capabilities speak to what the firm can do with those resources. Why the firm needs them? Without resources the the firms capabilities are limited.
How a firm's human resources influence organizational performance?
explain how a firm's human resources influence its performance
If a firm is unable to cover the cost of the resources employed by the firm (including the opportunity cost of resources owned by the firm) the firm will?
If a firm is unable to cover the cost of the resources employed, including the opportunity cost, it will likely incur losses and may ultimately have to exit the market. This situation indicates that the firm is not generating sufficient revenue to justify its operations. In the long run, if this condition persists, the firm will either need to improve its efficiency, increase its pricing, or find a more profitable use for its resources.
A firm's opportunity costs of using resources provided by the firm's owners are called what?
equity financing
The unique combination of resources experiences and expertise within a particular firm is called what?
The unique combination of resources, experiences, and expertise within a particular firm is called
Can the rational decision making model in a large firm be irrational in a small firm in a developing countries?
Yes, a large firm's resources would differ from those of a small firm in a developing country.
What provides the connections between the firm and its environment?
The firm's network of relationships, such as suppliers, customers, competitors, and regulatory agencies, provides the connections between the firm and its environment. These connections help the firm to gather information, resources, and support, and also influence the firm's strategic decisions and performance.
Cash expenditures a firm makes to pay for resources are called?
Explicit costs
What is managerial capacity?
ability of management to manage effictively productive resources of firm
When are resource and competencies valuable for a firm?
Resources are valuable for a firm because those are needed in order for production to occur. Competencies are necessary because a firm needs to be knowledgeable and competent in their business practices.
Explain how monopoly causes an inefficient allocation of resources when the competitive firm does not even when both seek to maximize profits?
Explain how monopoly causes an inefficient allocation of resources when the competitive firm does not even when both seek to maximize profit
