Physical resources

Question 1

What are physical resources ?

Answer 1

Tangible items used by a business for operations

Question 2

What are premise purchase/rent decisions dependant on ?

Answer 2

1.How much capital available to the business
2.Depreciation of buildings as assets
3.The purpose of the building
4.The long-term strategy of the business

Question 3

What equipment may a business require ?

Answer 3

computer equipment, stationary, machines, mobile phones, industry specific items and PPE (personal protective equipment)

Question 4

What are vehicle purchase/rent decisions dependant on ?

Answer 4

1.Cost and cost to maintain
2.Insurance
3.Depreciation of asset overtime

Question 5

Are hardware and software physical resources ?

Answer 5

Physical - laptops and keyboards
Programs - microsoft and excel