Which of the Following Is Not a Factor of Production

question 54

Multiple Choice

Which of the following is not a factor of production?

• A) Land
• B) Labor
• C) Raw materials
• D) Competitive forces
• E) Managerial sophistication

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Definitions:

Tessitura

The range within which most notes of a vocal part or piece of music fall, often used to determine the most comfortable range for a singer or instrument.

Customer Profiles

Detailed descriptions of a company’s ideal customers, based on their demographics, interests, and buying habits.

Relationship Marketing

A marketing strategy aimed at fostering long-term, engaging relationships with customers to build brand loyalty and repeat business.

Publix Supermarkets

A large American supermarket chain headquartered in Florida, known for its wide selection of groceries and superior customer service.