One Reason We Have Seen Continued Growth in Home-Based Businesses

question 287

Multiple Choice

One reason we have seen continued growth in home-based businesses is:

• A)the location offers a more secure operational environment.
• B)affordable computer and information technology makes it easier to compete.
• C)people need something to do while they wait to return to work for a large corporation.
• D)it is less risky to start a home-based business than other types of entrepreneurial ventures.

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Definitions:

Input Hiring

The process of acquiring resources or services needed for production, including labor, materials, and machinery.

Marginal Revenue Product

The additional revenue generated by employing one more unit of a factor of production, holding other factors constant.

Total Revenues

The total amount of income generated by the sale of goods or services related to a company's primary operations.

Marginal Revenue Product

The additional revenue generated from using one more unit of a factor of production, holding all other factors constant.