Which of the following statements accurately brings out the difference between tangible and intangible resources quizlet?

Which of the following statements accurately brings out the difference between tangible and intangible resources?

Tangible resources contribute to a company's competitive advantage, whereas intangible resources have little effect on competitive advantage.

Tangible assets can be bought on the open market by anyone with the necessary cash, whereas intangible assets cannot be easily purchased.

Tangible assets are difficult for competitors to imitate, whereas intangible assets can be easily replicated.

Tangible resources take a longer time to build, whereas intangible assets can be built comparatively easily.

How are the critical assumptions of the resource-based model of a firm fundamentally different from the way in which a firm is viewed in the perfectly competitive industry structure?

A.
In the resource-based model, resources are freely available and mobile, whereas in the perfectly competitive industry structure, resources are highly immobile.

B.
In perfect competition, it is extremely difficult to replicate the resource bundles of a firm, whereas in the resource-based model, it is extremely easy to imitate them.

C.
In perfect competition, all firms have access to the same capabilities, whereas in the resource-based model, resource differences exist between firms in the same industry.

D.
In the resource-based model, only physical assets of a firm are considered as resources, whereas in perfect competition, a firm's capabilities and competencies are also considered as resources.

GreenHarvest Inc. has used $350,000 from its total annual earnings of $1,250,000 to invest in the research and development of a multi-purpose vaccine. Its account receivable from customers is estimated to be $150,000 and accounts payable $80,000. In monetary terms, what would GreenHarvest Inc.'s resource flows be?

A.
$1,250,000

B.
$150,000

C.
$80,000

D.
$350,000

Which of the following statements accurately brings out the distinction between a firm's resources and capabilities?

A) Unlike resources, capabilities do not find their expression in the firm's structure, routines, and culture.
B) While a firm's resources are always tangible, its capabilities are by nature intangible.
C) While resources reinforce core competencies, capabilities allow managers to orchestrate their core competencies.
D) Unlike capabilities, resources of the firm cannot be imitated by its competitors.

Recommended textbook solutions

Principles of Economics

8th EditionN. Gregory Mankiw

1,209 solutions

Krugman's Economics for AP

2nd EditionDavid Anderson, Margaret Ray

1,042 solutions

Principles of Microeconomics

1st EditionOpenStax, Steven Greenlaw, Timothy Taylor

713 solutions

Foundations of Microeconomics

7th EditionMichael Parkin, Robin Bade

533 solutions

Which of the following statements accurately brings out the difference between tangible and intangible resources?

a) Tangible resources contribute to a company's competitive advantage, whereas intangible resources fail to do the same.
b) Tangible assets are difficult to imitate, whereas intangible assets can be easily replicated.
c) Tangible resources take a longer time to build, whereas intangible assets can be built comparatively easily.
d) Tangible assets can be bought on the open market, whereas intangible assets cannot be easily purchased.

How are the critical assumptions of the resource-based model of a firm fundamentally different from the way in which a firm is viewed in the perfectly competitive industry structure?
A) In the resource-based model, resources are freely available and mobile, whereas in the perfectly competitive industry structure, resources are highly immobile.
B) In perfect competition, it is extremely difficult to replicate the resource bundles of a firm, whereas in the resource-based model, it is extremely easy to imitate them.
C) In perfect competition, all firms have access to the same capabilities, whereas in the resource-based model, resource differences exist between firms in the same industry.
D) In the resource-based model, only physical assets of a firm are considered as resources, whereas in perfect competition, a firm's capabilities and competencies are also considered as resources.

Ironhorse Tools has used $700,000 from its total annual earnings of $1,650,000 to invest in upgrading its manufacturing facilities. Its accounts receivable from customers is estimated to be $130,000 and accounts payable $75,000. In monetary terms, what would Ironhorse's resource flows be?
A) $1,650,000
B) $130,000
C) $75,000
D) $700,000

Other sets by this creator

What is the primary difference between tangible and intangible resources quizlet?

Which of the following statements accurately brings out distinction between a firm's resources and capabilities?

Which of the following statements accurately describes a firm's resource stock group of answer choices?

Which of the following statements accurately describes a firm's resource flow?