Compare and contrast tangible and intangible resources.
What will be an ideal response?
Tangible resources have physical attributes and are visible. Examples of tangible resources are labor, capital, land, buildings, plant, equipment, and supplies.
Intangible resources have no physical attributes and thus are invisible. Examples of intangible resources are a firm's culture, its knowledge, brand equity, reputation, and intellectual property. Competitive advantage is more likely to spring from intangible rather than tangible resources. Tangible assets, like buildings or computer servers, can be bought on the open market by any comers who have the necessary cash. However, a brand name must be built, often over long periods of time.
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Define the Pygmalion effect, and explain how you can use it to get a final grade of A or B in this class.
What will be an ideal response?
Refer to Table 5-1. The Steel Shelf Company has to produce ________ shelves on an annual basis
to break even. A) 500 B) 13,560 C) 6,960 D) 6,000 E) Cannot calculate with information that is provided.
The orientation of a smartphone or tablet is important and designers should program apps for both portrait and landscape modes
Indicate whether the statement is true or false
A negative sample covariance indicates that as one variable increases in value, the second variable tends to decrease
Indicate whether the statement is true or false