What Is a Mode of Production

question 19

Multiple Choice

What is a mode of production?

• A) a postindustrial adaptive strategy, such as commercial agriculture or international mercantilism
• B) the land, labor, technology, and capital of production
• C) the way a society's social relations are organized to produce the labor necessary for generating the society's subsistence and energy needs
• D) whether a society is foraging, horticulturalist, or agriculturalist
• E) the cultural aspect of any given economy, such as changing fashions in the textile and clothing industry

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Definitions:

Consumer Behavior

Actions of ultimate consumers directly involved in obtaining, consuming, and disposing of products and the decision processes that precede and follow these actions.

Marketing

Activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

Offering

A product, service, or combination thereof that a company presents to its customers.

Place Utility

Availability of a product in a location convenient for customers.