Which of the Following Is One of the Ongoing Challenges

question 106

Multiple Choice

Which of the following is one of the ongoing challenges that characterize the current business landscape?

• A)uniformity of offerings
• B)technological change
• C)quality
• D)cost competitiveness
• E)speed

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Definitions:

Output

The total amount of goods or services produced by a firm or economy over a specific period.

Marginal Product

The additional output that results from using one more unit of a production input, keeping all other inputs constant.

Fertilizer

A chemical or natural substance added to soil to increase its fertility and promote plant growth.

Corn

A cereal plant that yields large kernels on a cob, used as a staple food in many parts of the world and as animal feed.