Which of the Following Is an Example of a Factor

question 233

Multiple Choice

Which of the following is an example of a factor that a firm's owners and managers can control in making the firm successful?

• A)The ability to produce the product at a lower cost
• B)Changing consumer tastes
• C)A rise in the price of a key input, for example, a rise in the price of oil leads to higher energy costs
• D)The number of competitors in the market

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Definitions:

Digestion

The biological process by which the body breaks down food into absorbable components in the gastrointestinal tract.

Small Intestine

A part of the digestive system where most of the digestion and absorption of nutrients occurs.

CVA

Cerebrovascular Accident, commonly known as a stroke, occurs when blood flow to a part of the brain is suddenly interrupted or reduced.