Physical resources are required by a business to enable it to carry out its daily operations i.e. the creating and provision of products and services. Physical resources encompass a wide variety of things e.g. the physical building, maintenance of premises and subsequent machinery, as well as things like insurance and security. The failure to maintain and manage physical resources can be detrimental for a business as essentially failure to do so can lead to the business not being able to operate effectively. Physical resources are needed for a business to carry out its day to day activities. For example, organisations like Costa need adequate building and contents insurance so that in the event of an accidental fire or flood the building
