Physical resources include people, hardware, and the supporting system elements and resources associated with the management of information in all its states.
Every business requires different kinds of resources for it to work efficiently. Physical resources are the tangible resources that are required for a business.
Physical resources include the money, the equipment, the suppliers, the hardware, people working on the business etc.
Effective management of physical resources is important for a business to run successfully. The financial value of a business is estimated by its physical resources.
Each company needs to manage its physical resources based on the budget. Effective planning will be essential when the physical resources of a company are concerned. A company or state should know which type of physical resources to invest in.
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