Which of the Following Factors of Production Is Most Likely

question 76

Multiple Choice

Which of the following factors of production is most likely to be variable in the short run?

• A)technology
• B)capital equipment
• C)labour
• D)entrepreneurship
• E)land

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Definitions:

Informational Appeals

Marketing strategies designed to inform the consumer about the product's benefits, features, or solutions it provides.

Purchase Decisions

The process consumers go through to select, purchase, and use goods or services, influenced by psychological, social, and economic factors.

Firm's Products

The goods or services that a company offers to its customers as part of its business operations.

Reminder Advertising

A marketing strategy aimed at keeping a brand or product in the minds of consumers.