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What is an example of a material resource in a business?

  1. A piece of manufacturing equipment

  2. A skilled labor force

  3. Marketing plans

  4. Company policies

The correct answer is: A piece of manufacturing equipment

A piece of manufacturing equipment is an example of a material resource in a business because it represents a tangible asset that is necessary for producing goods or services. Material resources refer to physical items that are used in the production process or that contribute directly to creating a product. This equipment can include machinery, tools, and raw materials that are essential for the day-to-day operations of a business involved in manufacturing. In contrast, the other choices represent different types of business resources. A skilled labor force falls under human resources since it involves the people who operate the equipment and contribute to the production process. Marketing plans are intangible resources that outline strategies for promoting products, while company policies are organizational frameworks that set guidelines for business operations. These aspects are crucial for a business's success, but they do not classify as material resources.