In General, the Production and Use of Capital ________ the Productivity

question 156

Multiple Choice

In general, the production and use of capital ________ the productivity of labor and normally ________ wages.

• A) enhances; drives up
• B) enhances; drives down
• C) diminishes; drives down
• D) has no effect on; has no effect on

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Definitions:

Anticipating Customer

Anticipating customer needs involves understanding and predicting the future needs and preferences of customers to tailor products, services, and experiences that meet those needs before they have been explicitly expressed.

Quality Control

The process of ensuring that products and services meet certain standards of quality to satisfy customer expectations.

Samsung Note 7

A model of smartphone manufactured by Samsung that was recalled and discontinued due to safety concerns related to its battery overheating and causing fires.

CSR Activities

Corporate Social Responsibility activities are actions taken by businesses to contribute positively to society, beyond their direct business interests.