Question

32. The three types of resources central to the Resource-Based Vision of Business are
    1. Tangible resources, intangible resources, and organizational structure.
    2. culture, tangible resources, and intangible resources.
    3. Tangible resources, intangible resources, and organizational capabilities   
    4. Tangible resources, intangible resources and the high administration of the company.

50. A manufacturer looking for cost leadership probably:

1. Focus on a narrow segment of the market.
2. Rely on experience curves to achieve increased efficiency.
3. You will use the ads to strengthen the image of the brand.
4. Put great emphasis on product engineering.
5. All of the above.

Answer 1

Answer 1 :- Option 'c' is the correct Answer

The three types of resources central to the Resource-Based Vision of Business are Tangible resources, intangible resources, and organizational capabilities.

Tangible Resources are physical entities, visible, describable, and understandable

-Financial Assets

-Physical Assets

-Organizational Structure

-Technology

Intangible Resources are nonphysical resources that are less visible and difficult to understand/copy; require a longer period to develop.

Advantage

1. Human Capital

2. Innovation

3. Image/Brand Reputation

4. Organizational Culture

Organisational Capabilites are the firm's capacity to deploy resources for a desired end result.

Answer 2 :- Option 'b' is the correct Answer

A manufacturer looking for cost leadership probably rely on experience curves to achieve increased efficiency.

Cost Leadership is the strategy that generates economic value by providing products—goods or services—with features acceptable to customers at lower costs than competitors. (Not necessarily lower prices but definitely lower costs.)

Research has consistently shown that firms that achieve both cost leadership and differentiation advantages tend to perform higher than firms that achieve either a cost or a differentiation advantage.