Question

The difference between a resource and a capability is: a. A resource is a productive input or a competitive asset, while a capability is the capacity of the firm to perform some internal activity competently. b. A resource is a reserve supply or a back-up supply function, whereas a capability is the ability to manage the resource function. c. A resource is a mechanism used for carrying out some responsibility, while a capability possesses the qualities needed to do a particular thing. d. A resource is the firms fixed assets, while a capability defines whether a firm is competent to perform some function e. All of these

Answer 1

The difference between a resource and a capability is "a resource is a productive input or competitive asset, while a capability is the capacity of the firm to perform some internal activity competently".

Option: A

Explanation:

Resources are limited but capabilities are actually not defined in amount, it depend individual to individual or firm to firm basically rely on one's patience who can discover own self to any extent for better and better results. Resource in economy is an asset or potential or input which has been applied on any firm while capacity is how much a firm can extract output from such applied input. It helps to define the potential of an organization or start-up in such a competitive market.