Which One of the Following Combinations of fiRms Would Benefit

question 284

Multiple Choice

Which one of the following combinations of firms would benefit the most through the use of complementary resources?

• A) A ski resort and a travel trailer sales outlet
• B) A golf resort and a ski resort
• C) A hotel and a home improvement center
• D) A swimming pool distributor and a kitchen designer
• E) A fast food restaurant and a dry cleaner

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Definitions:

Price

The amount of money required to purchase a good or service, determined by various market and economic factors.

Scarce Resources

Essential inputs that are available in limited quantities for the production of goods and services, leading to the problem of allocation.

Law of Demand

Economic principle stating that, ceteris paribus, as the price of a good or service increases, consumer demand for the good or service will decrease, and vice versa.

Unlimited Wants

The economic concept that human desires and needs are endless and vary in nature, leading to constant demand for goods and services.