Which of the Following Factors Is Most Important as a Source

question 6

Multiple Choice

Which of the following factors is most important as a source of sustained growth in material living standards?

• A)capital- labour substitution
• B)decrease in cost of capital
• C)changing relative factor prices
• D)population increase
• E)technological improvement

Comprehend the strategic role of pricing in retail.

Appreciate the impact of location on retail success.

Recognize the concept of service retailing and its examples.

Understand the strategies used by retailers to attract specific market segments.

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Definitions:

Milliliter

A metric unit of volume equal to one-thousandth of a liter, commonly used to measure liquids.

Thousandth

A unit or measure representing one part in a thousand of something.

Liter

A metric unit of volume equal to 1000 cubic centimeters or approximately 0.26 U.S. gallons.

Root

The section of a plant that is usually found beneath the soil, responsible for absorbing water and nutrients.