Which of the Following Is NOT One of the Factors

question 53

Multiple Choice

Which of the following is NOT one of the factors that influences the supply of a product?

• A) technology
• B) income
• C) number of suppliers
• D) expected future prices

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Definitions:

Special Order

An order for goods or services that is outside the scope of regular operations, often requiring customization or special handling.

Capacity

The highest level of production a business can maintain to produce a good or offer a service.

Sales Price

The sales price is the amount a customer pays for a product or service, determining the revenue generated from sales transactions.

Production Cost

Total expense incurred in manufacturing a product, which includes direct materials, direct labor, and factory overhead.