Question

A company’s resources are competitive assets that are owned or controlled by the company and include

Answer 1

A company's resources are competitive assets that are owned or controlled by the company and they include: E. all of these choices are correct.

What is competitive advantage?

Competitive advantage can be defined as the factors, assets, conditions, or circumstances that allow a business firm (company) to manufacture finished goods or services better and perhaps, cheaper than other rival business firms (companies) operating within the same industry.

In Business management, some examples of competitive assets that are owned or controlled by a business firm (company) include the following:

• Price leadership.

• Access to scarce natural resources.

• Financial resources such as credit rating and borrowing capacity.

• Tangible resources such as distribution centers, sites, and manufacturing equipment.

• Intangible assets including buyer loyalty, strong brand awareness and brand recognition.

• Results-oriented culture.

• Highly skilled labor.

• Access to new or proprietary technology.

In this context, we can reasonably infer and logically deduce that competitive assets are resources owned or controlled by the company and they are very essential for business growth and development.

Read more on competitive advantage here: brainly.com/question/26514848

#SPJ1

Complete Question:

A company's resources are competitive assets that are owned or controlled by the company and include:

A. financial resources such as a company's credit rating and borrowing capacity.

B. tangible resources such as plants, distribution centers, and manufacturing equipment.

C. intangible assets such as brand recognition and buyer loyalty.

D. intangible assets such as having a results-oriented culture.

E. All of these choices are correct.