Which of the Following Is NOT a Factor of Production

question 103

Multiple Choice

Which of the following is NOT a factor of production?

• A) the water used to cool a nuclear power plant
• B) the effort of farmers raising cattle
• C) the wages paid to workers
• D) the management skill of a small business owner

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Definitions:

Omni-Channel Retailing

A multichannel approach to sales that focuses on providing a seamless customer experience whether the client is shopping online from a mobile device, a laptop, or in a brick-and-mortar store.

Customer

An individual or business that purchases goods or services from a company.

Retailer

A business or individual that sells goods or services directly to consumers, acting as the final link in the supply chain.

In-Transit Merge

Logistics strategy where goods from different suppliers are combined into a single shipment en route to the customer to reduce handling costs and improve efficiency.