Which of the Following Fails to Meet the Economist's Definition

question 61

Multiple Choice

Which of the following fails to meet the economist's definition of a capital good?

• A)A factory that produces shoes
• B)Cash on hand
• C)A brand new computer system used by a business
• D)Produced goods used to produce other goods

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Definitions:

Retailing

The selling of goods or services directly to consumers, typically through various distribution channels.

Franchisee

An individual or company that is granted the license to operate a business under the franchisor's trademark, branding, and business model.

Franchisor

A business entity that grants the right to an individual or company (franchisee) to conduct business using its trademark, products, and business model.

Destination Mall Concept

A shopping mall designed to be a large-scale retail complex that attracts customers from a broad area, often featuring entertainment and leisure activities besides retail stores.