Which of the Following Would Be Most Likely Included as Inputs

question 37

Multiple Choice

Which of the following would be most likely included as inputs to a firm's financial plan?

• A)Capital, plant and labour resources
• B)The firm's current product line
• C)The current balance of retained earnings
• D)Sales and economic forecasts

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Definitions:

Cross Elasticity

A gauge for the reaction in the demand for one item when there's a price alteration in another item.

Cross Elasticity

The extent to which the demand for a certain good alters in response to price changes of another good.

Substitutes

Goods or services that can be used in place of each other, where an increase in the price of one leads to an increased demand for the other.

Income Elasticity

A measure of how much the quantity demanded of a good changes in response to a change in consumers' income.