Which of the Following Is a Determinant of Supply

question 216

Multiple Choice

Which of the following is a determinant of supply?

• A) Tastes and preferences of consumers
• B) Technology
• C) Consumer income
• D) Number of consumers

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Definitions:

Profit and Invested Capital

The return generated from the capital invested in a business, often analyzed to assess the efficiency and profitability of the investment.

Revenue Centre Manager

An individual responsible for overseeing a business unit or division that is focused on generating revenue, without direct control over costs or investment decisions.

Gross Margin

A company's revenue minus its cost of goods sold, expressed as a percentage of revenues, indicating the efficiency of production and sales.

Transfer Price

The price at which goods and services are sold between divisions within the same company, used for internal sales and profit allocation.