Tangible Resources Include

question 76

Multiple Choice

Tangible resources include:

• A)cash,technology,and raw materials.
• B)cash,management expertise,and a good reputation
• C)management expertise,a good reputation,and technology.
• D)intellectual property rights,equipment,and a skilled workforce.

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Definitions:

Market Equilibrium

A situation where the quantity demanded of a good or service equals the quantity supplied, leading to a stable price.

Actual Price

The price at which a good or service is sold in the market, not taking into account discounts or premiums.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price.

Quantity Supplied

The amount of a commodity that producers are willing to sell at a particular price at a given period.