All Goods and Services Produced by One Firm but Used

question 110

Multiple Choice

All goods and services produced by one firm but used as inputs into a further stage of production are called

• A)value added.
• B)intermediate goods.
• C)national income goods.
• D)final goods.
• E)consumption goods.

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Definitions:

Forcing Tactics

Strategies used in negotiations that involve pushing one’s position assertively without much regard for the other side, aiming to win rather than find mutual agreement.

Take It or Leave It

A term commonly used in negotiations where one party presents a final offer to the other party, who must either accept it without changes or reject it entirely.

Lemuel Boulware

Was a corporate executive known for his strategy of dealing with unions and employees, which involved offering what he considered fair increases in wages and benefits up front, thus limiting negotiations.

Refusal

The act of declining to accept or comply with something such as an offer, proposal, or instruction.