Question

Which of the following is included in technical resource ?

• A. Production
• B. Marketing
• C. Production process
• D. None of these

Hint:

Differentiate between an action/function and the tool/knowledge used for that action. 'Production' is the action, while the 'production process' (the "how-to") is the technical resource enabling that action.

Answer 1

The Correct Option is C

Step 1: Understanding the Question:
The question asks to identify what constitutes a 'technical resource' for a business from the given options. A resource is an input or asset that is used to accomplish a task.
Step 2: Analysis of Options:
Let's differentiate between activities, functions, and resources.

(A) Production: This is a business {activity} or {function} – the act of creating goods. While it uses technical resources, it is not a resource itself.

(B) Marketing: This is another business {function}, responsible for promoting and selling products. It is not a technical resource.

(C) Production process: This refers to the specific methods, systems, technology, and know-how used to convert inputs into outputs. This knowledge and methodology is a critical intangible asset and is considered a technical resource. It dictates how efficiently and effectively production can occur.

Step 3: Final Answer:
The 'production process' itself, encompassing the technology and procedures, is the technical resource. The other options are business functions. Therefore, (C) is the correct answer.