Which of the Following Factors Is Most Likely to Result

question 45

Multiple Choice

Which of the following factors is most likely to result in a decline in the relative price of the primary products in the world market?

• A)Increase in imports of primary products
• B)Development of synthetic substitutes for primary products
• C)Rapid increase in world population
• D)Increase in the prices of inputs used in producing primary products

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Definitions:

Quarterly Sales

The total revenue generated from the sale of goods or services within a three-month period.

Sales Price

The amount of money for which a product or service is sold to a customer.

Budgeted Cash Disbursements

An estimate of all cash payments that a business plans to make over a specific period, including expenses, purchases, and investments.

Merchandise Purchases

The buying of goods for resale, specifically those goods bought by a retailer to be sold to customers.