Which One of the Following Would Likely Shift a Production

question 140

Multiple Choice

Which one of the following would likely shift a production possibilities frontier inward?

• A)technological change
• B)a drought
• C)a decrease in the price of natural resources
• D)an increase in human capital
• E)None of the above,because production possibilities frontiers do not shift inward.

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Definitions:

Discounts

Reductions to the selling price of goods or services offered by a business to stimulate sales or reward customers.

Loyal Buyers

Consumers who repeatedly purchase the same brand or product, demonstrating fidelity and consistent preference over time.

Ancillary Services

Additional services or benefits provided beyond the primary product or service, often enhancing customer experience or value.

Promotional Mix

The combination of communication tools an organization uses to convey a clear, consistent, and compelling message about its brand and products.