Assume That You Are the New Sales Manager of IncPot;

question 9

Multiple Choice

Assume that you are the new sales manager of IncPot; a school supply manufacturer. IncPot is in the midst of a regional rollout, and it's your responsibility to select a geographic location to serve as an organizing point for a new territory. Which of the following would be your most likely choice?

• A) the salesperson's present home.
• B) a large city.
• C) the location of IncPot's largest customer in the area.
• D) all of the above are possibilities.
• E) b and c of the above.

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Definitions:

Input

The resources, materials, or labor used in the production of goods and services.

Output

In economics, output refers to the total amount of goods and services produced by a company, sector, or economy within a certain period of time.

Function

A relation between a set of inputs and a set of permissible outputs, specifying a single output for each input.

Production Function

An equation that describes the relationship between the quantities of productive factors used and the amount of product obtained.