Without available resources (such as financial capital and people), the firm lacks the ability to attack a competitor or respond to its actions.

Question

Quizplus · Accepted Answer

Resources such as financial capital and people are essential for a firm to take strategic actions and respond to the actions of competitors. Without these resources, a firm would lack the necessary means to effectively compete and defend its position in the market.

Without Available Resources (Such as Financial Capital and People), the Firm