A Market with a Shortage of Goods Is Referred to as a _________________________

question 16

Multiple Choice

A market with a shortage of goods is referred to as a _________________________.

• A) seller's market
• B) high demand market
• C) economic recession market
• D) problem market

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Definitions:

Production Facility

A site or plant where goods are produced or manufactured, equipped with specialized equipment for production activities.

Idle Capacity

Unused production capability, where available resources such as machinery or labor are not fully utilized.

Financial Advantage

Refers to the benefit gained in financial terms, which could be through cost savings, revenue increase, or any other financial gain.

Special Discounted Price

A lower than the usual price offered on goods or services, typically for promotional purposes or to specific customer groups.