Examlex
Which of the following is not an example of a factor of production?
Low Costs
A strategy or situation characterized by minimal expenses or financial outlay, aimed at achieving competitive advantage or operational efficiency.
Operations
The day-to-day activities involved in the running of a business to produce goods or provide services efficiently.
Constituency Development
The process of building and maintaining relationships with stakeholders or groups that an organization or political entity depends on for support and advocacy.
Strategic Constituencies
Groups or stakeholders whose support is essential for an organization's survival and success, such as customers, employees, suppliers, and investors.
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