A Factor of Production That Cannot Be Used Outside of a Particular

question 70

Multiple Choice

A factor of production that cannot be used outside of a particular sector of an economy is a(an)

• A) specific factor.
• B) mobile factor.
• C) variable factor.
• D) import-competing factor.
• E) export-competing factor.

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Definitions:

Disrupts Consumers

Strategies or products that significantly alter consumer habits, expectations, or experiences in a market.

Continuous Innovation

The ongoing development and implementation of new ideas, products, or processes, aiming to sustain and enhance competitive advantage.

Reminder Advertising

Advertising designed to keep the brand name in front of consumers or to remind them to purchase the product again.

Personal Selling

A marketing strategy where sales representatives directly interact with customers to provide information and sell products or services.