The Two Factors of Production That Seem to Contribute the Most

question 60

Multiple Choice

The two factors of production that seem to contribute the most to making countries rich are:

• A)land and labour.
• B)land and capital.
• C)entrepreneurship and labour.
• D)entrepreneurship and knowledge.

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Definitions:

Lot-For-Lot

A production and inventory control strategy that matches the order quantity exactly with the demand, without carrying any excess inventory.

Gross Requirements

The total amount of materials or components necessary to produce a product before accounting for any existing inventory.

MRP Services

Services that support the implementation and operation of Material Requirements Planning systems, helping businesses optimize their inventory and production processes.