Resource allocation Definition is a process and strategy involving a company deciding where scarce resources should be used in the production of goods or services. A resource can be considered any factor of production, which is something used to product goods or services. Resources include such things as labor, real estate, machinery, tools and equipment, technology, and natural resources as well as financial resources such as money.
Resource allocation Definition is a process and strategy involving a company deciding where scarce resources should be used in the production of goods or services. A resource can be considered any factor of production, which is something used to product goods or services. Resources include such things as labor, real estate, machinery, tools and equipment, technology, and natural resources as well as financial resources such as money.
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