Which of the Following Is Correct? the Factors of Production

question 84

Multiple Choice

Which of the following is correct? The factors of production are

• A) land, labour, capital and money.
• B) the fundamental source of energy.
• C) land, labour, capital and entrepreneurship.
• D) land, labour, capital and profits.

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Definitions:

Business Proposition Benefit

The advantage or value that a business proposal offers to a potential buyer or investor.

Trial Closings

Sales techniques used to gauge a potential buyer's readiness to complete a purchase by asking hypothetical or suggestive closing questions.

Sales Presentation

A formal talk or demonstration aimed at persuading an audience to purchase a product or service.

FAB

Stands for Features, Advantages, and Benefits; a sales approach focusing on presenting the features of a product, its advantages over competition, and the benefits it provides to the consumer.