Which of the Following Would Be Considered an Economic Factor

question 23

Multiple Choice

Which of the following would be considered an economic factor of orientation?

• A)Reporting of hazards
• B)Equipment costs
• C)Counseling services
• D)Option to buy damaged products and costs thereof

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Definitions:

Market Growth Rate

The annual rate of growth of the specific market in which the product competes.

Vertical Axis

In a graph or chart, the vertical line to the left side that typically represents the range of values for the variable measured.

BCG Matrix

A strategic business tool developed by the Boston Consulting Group that classifies business units or products into four categories (Question Marks, Stars, Cash Cows, Dogs) based on their market growth rate and market share.

Graphic Designers

Professionals who create visual content to communicate messages by applying visual hierarchy and page layout techniques, using typography and pictures.