Which of the Following Is NOT a Factor of Production

question 103

Multiple Choice

Which of the following is NOT a factor of production?

• A) the water used to cool a nuclear power plant
• B) the effort of farmers raising cattle
• C) the wages paid to workers
• D) the management skill of a small business owner

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Definitions:

FAB Selling Technique

A method focusing on the Features, Advantages, and Benefits of a product or service, highlighting its value to the customer.

Sales Presentation

A structured dialogue or demonstration aimed at persuading a potential buyer to purchase a product or service.

Trial Close

A technique used in sales to ask preliminary questions or make statements to gauge the customer's readiness to make the purchase.

Sales Presentation

A speech or demonstration given to persuade a potential buyer of the value and benefits of a product or service.