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Look around your community. Think of several businesses with different business models and strategies. What assets...

Look around your community. Think of several businesses with different business models and strategies. What assets are used by each business? How much of each asset type do these businesses have? How important is each asset in the management of these businesses?

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Around me, there are many businesses working. Out of all i would take an example of tuition centre business which is very popular in the area. For a tuition centre, one could require wooden benches or furniture, Air conditioners, a white board or something and a vacant yet fully furnished place. These businesses should have atleast four or five types of assets of their normal business to work on. These assets are essentially important for the business as it facilitates their day to day working. As furnitures and appliances are basic needs for a tuition centre so that students sit and the place is well ventilated without any sufferance.

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