An Example of a Factor of Production Is

question 67

Multiple Choice

An example of a factor of production is

• A)a bottle of wine produced by a vineyard.
• B)a vintner hired by a vineyard.
• C)a loan granted to a vineyard.
• D)the wine exported by a vineyard.

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Definitions:

Trade Discount

A reduction in the retail price of goods, granted by the wholesaler or manufacturer to the retailer for the purpose of resale.

Trade Discount

A reduction from the list price granted by a seller to a buyer, typically for bulk purchases or to business customers in a particular industry.

Trade Discount

A reduction in the listed price of goods or services, offered by sellers to buyers in the business-to-business market.

Real Estate Commission

The fee, typically a percentage of the sale price, paid to a real estate agent or broker for their services in selling a property.