According to the resource-based view concept Resources are ONLY tangible assets that a firm controls and can use to create and implement its strategies. Resources are intangibles and tangible assets that a firm controls and can use to develop and implement its strategies. Resources are ONLY intangible assets used to develop and implement strategies such as human resource, factories, products, and financial resources. Capabilities are not as important as resources are. Question 18 Resource heterogeneity follows the assumption that 1 pts Some of the resource and capability differences among firms may be long lasting because it may be costly for firms without certain resources to acquire or develop them. For a given firm activity, some firms may be more skilled in accomplishing an activity than other firms, since different firms may have different resources. Managers of a firm cannot take resources that seem homogeneous to "bundle" them in order to create heterogeneous resources. Competitive advantage does NOT typically stem from several resources and capabilities "bundled" together.