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Satellite Communications Jonathan Worked for Satellite Communications for Twenty Years. in the in the Time

question 219

Multiple Choice

Satellite Communications
Jonathan worked for Satellite Communications for twenty years. In the time that he worked there, he learned a lot about the company and how it operated. The company met its sales and revenue goals every year. However, most of the employees had similar educational and cultural backgrounds. He believed that the company could do much better if it cultivated an environment that promoted many different ideas. Additionally, Satellite Communications was mostly focused on how much revenue it earned in a given year. Jonathan felt that the most important goal should be to satisfy customers. He believed financial success would result from focusing on customers.
After a lot of consideration, Jonathan decided to open his own business called Universal Communications and hire employees that reflected a more diverse customer bas
-Refer to Satellite Communications. Now that Jonathan plans to open his own business, he needs to look at the factors of production. Which of the following is not a factor of production?

Definitions:

Merchants

Individuals or enterprises engaged in the wholesale or retail sale of goods or services.

Nonmerchants

Nonmerchants refer to individuals or entities that do not regularly engage in commercial transactions or business practices related to the sale of goods.

National Conference

A large meeting for people from across the nation to discuss specific topics, share information, or make decisions related to a particular field or interest.

Consideration

Something of value exchanged between parties in a contract, making the agreement legally binding.