Business resources - SS2 Commerce Past Questions and Answers - page 1
Which type of resource includes employees, managers, and staff members?
Human resources
Financial resources
Physical resources
What type of resource refers to money, capital, and financial assets?
Human resources
Financial resources
Material resources
Which resource category includes machinery, equipment, and facilities?
Human resources
Financial resources
Physical resources
What type of resource consists of raw materials and components used in production?
Human resources
Material resources
Physical resources
Which resource category represents external factors that present favorable circumstances for a business?
Physical resources
Financial resources
Opportunity resources
Define goodwill as a business resource.
Goodwill represents the positive reputation and customer loyalty that a business has built over time. It is an intangible resource that adds value to the business and enhances its competitiveness in the market.
Provide an example of a financial resource.
An example of a financial resource is company funds or capital that a business uses for investment, operations, and managing expenses