Question

Discuss tangible and intangible resources and their impact with the strengths and weakness of a firm

Discuss tangible and intangible resources and their impact with the strengths and weakness of a firm

Homework Answers

Answer #1

Tangible Assets are the physical assets, which can be measured. For example: inventory, machinery, cash, etc. Intangible Assets are the nonphysical assets, which can’t be measured directly. The intangible assets need substantial efforts to quantify them. Example: goodwill, trademark, brand, etc.

Both tangible and intangible resources have considerable impact on the business operations and overall strength and weakness of the company. While it will be easier to address and correct any negative impact of the tangible asset on the company, any harm on the intangible asset can cost business of the company. It takes years to create a brand and seconds to perish it. So, intangible resources must be cultivated efficiently to maintain the competitive edge of the company.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Discuss some tangible and intangible resources or capabilities of Sheridan college Brampton. and evaluate them
Discuss some tangible and intangible resources or capabilities of Sheridan college Brampton. and evaluate them
What are tangible and intangible resources for the company Doordash?
What are tangible and intangible resources for the company Doordash?
Discuss the competitive position and strengths/weakness of the company Conoco Phillips SPECIFICALLY in the country Australia....
Discuss the competitive position and strengths/weakness of the company Conoco Phillips SPECIFICALLY in the country Australia. How does this corresponds with dealing with the rise of globalization and the evolution of international business?
Whir are the characteristics of tangible and Intangible assets?
Whir are the characteristics of tangible and Intangible assets?
Whir are the characteristics of tangible and Intangible assets?
Whir are the characteristics of tangible and Intangible assets?
Amortization is a cost recovery method used for: a. tangible personal property b. section 197 intangible...
Amortization is a cost recovery method used for: a. tangible personal property b. section 197 intangible property c. all business use property d. real property e. natural resources
Explain the difference between tangible and intangible long-lived, revenue-producing assets. please answer in your own words,...
Explain the difference between tangible and intangible long-lived, revenue-producing assets. please answer in your own words, do not use the outside resources
Describe the strengths and weakness of Fixed Quantity system (FQS)
Describe the strengths and weakness of Fixed Quantity system (FQS)
Allergen Study the internal resources, capabilties, core competencies and value chain of the firm you have...
Allergen Study the internal resources, capabilties, core competencies and value chain of the firm you have selected for this project. A good place to start with an internal firm analysis is to catalog the assests a firm has. List the firms's tangible assets. Thenamke a separate list of its intangible assets.
Provide and an example of an UBER tangible resource and one example of a UBER intangible...
Provide and an example of an UBER tangible resource and one example of a UBER intangible resource