Question

A company's resources and capabilities represent:________.a. management's source of funding for new strategic initiatives. b. the firm's competitive assets that determine its competitiveness and ability to succeed in the marketplace. c. whether or not the firm has the industry's most efficient value chain. d. positive trends with relevant cultural factors related to buyers' choices and product modifications. the firm's net working capital and related determinants for measuring operating performance and capabilities.

Answer 1

Answer:

b. the firm's competitive assets that determine its competitiveness and ability to succeed in the marketplace

Explanation:

A Company must match it's available set of resources with it's capabilities. Resources should be optimally utilized and capabilities need to be harnessed in the best possible manner.

Efficient utilization of resources and capabilities yields competitive advantage to a firm. Competitive advantage refers to some unique way or process or capability, specifically available to an organization which gives it a competitive edge.

Resources and capabilities, thus represent a firm's competitive assets which determine how well it competes in the market and also casts a significant bearing upon it's ability to succeed.