A Business ____ Is an Attribute of the Business, Such

question 76

Multiple Choice

A business ____ is an attribute of the business, such as sales volume or market share, which closely relates to the size of the needed workforce.

• A) requirement
• B) factor
• C) necessity
• D) strategy

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Definitions:

Bushels

A volumetric unit of measure used primarily in the United States for agricultural products, representing a specific quantity.

Price

The total financial stipend expected, mandated, or handed over in payment for something.

Profit

The financial gain achieved when the revenue earned from selling goods or services exceeds the costs associated with their production and distribution.

Production Function

An equation or formula that specifies the output a firm can produce with varying combinations of inputs or factors of production.