Long-established firms with successful track records probably have accumulated much ______.Multiple choice question.business know-howphysical capital
Question
Long-established firms with successful track records probably have accumulated much ______.Multiple choice question.business know-howphysical capital
Solution
The correct answer is "business know-how". Long-established firms with successful track records have likely accumulated a wealth of knowledge and experience in running their business, which is referred to as "business know-how". While they may also have accumulated physical capital, the question is likely referring to intangible assets like knowledge and experience.
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