________ Are Basic Human Requirements, While ________ Are the Ways

question 63

Multiple Choice

________ are basic human requirements, while ________ are the ways in which those requirements are satisfied.

• A) Wants; needs
• B) Demands; wants
• C) Needs; wants
• D) Needs; demands
• E) Demands; needs

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Definitions:

Monthly Unit Sales

The total number of units of a product sold by a company in a given month, often used to track sales trends and forecast demand.

Variable Costs

Costs that vary directly with the level of production or output, such as raw materials and direct labor expenses.

Fixed Costs

Costs that remain constant regardless of the amount of production or sales, including rent, salaries, and insurance fees.

Breakeven

The point at which total costs and total revenue are equal, resulting in no net loss or gain, and everything earned beyond this point is considered profit.