Which of the Following Is the Biggest Advantage of Business

question 23

Multiple Choice

Which of the following is the biggest advantage of business blogs?

• A)They have the potential to reach a far-flung, vast audience.
• B)They are exempt from possible legal litigation.
• C)They are easy to maintain.
• D)They are as inexpensive to maintain as voice messages.

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Definitions:

Marginal Revenue Product

The additional revenue generated from employing one more unit of a resource or factor of production.

Variable Input

An economic term describing a factor of production whose quantity can vary based on the level of output or production.

Marginal Revenue Product

The extra income produced through the use of an additional unit of an input, such as labor or capital.

Competitive Labor Market

A labor market where numerous businesses actively seek to hire workers, and numerous workers seek jobs, ensuring balanced job availability and wage rates based on skills and experience.