Which of the Following Is NOT a Likely Source of New

question 83

Multiple Choice

Which of the following is NOT a likely source of new product ideas?

• A)customers
• B)employees
• C)financial lenders
• D)competitors

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Definitions:

Variable Input

An input in the production process that can be adjusted in the short term to change the level of output.

Industry Supply Curve

A graphical representation that shows the relationship between the price of a good and the total output of that good by all firms in the industry.

Marginal Cost Curve

A graphical representation showing how the cost of producing one additional unit of a good varies as production volume changes.

Raw Materials

The basic materials from which products are manufactured or made.