Which of the Following Forces Is Most Closely Related to Industry

question 19

Multiple Choice

Which of the following forces is most closely related to industry effects within the automobile industry?

• A) The actions taken to improve employee productivity within a firm
• B) The human resource strategy managers adopt to acquire the best talent from the industry
• C) The types of products and the services offered within the industry
• D) The decisions made within a firm regarding pricing of a product in the market

---

Definitions:

Marginal Cost

Marginal cost is the cost incurred by producing one additional unit of a product or service, emphasizing the concept of variable costing.

Resource Allocation

The process of allocating resources, including capital, labor, and materials, among competing uses or projects in an efficient manner.

Production Possibilities Curve

The Production Possibilities Curve (PPC) is a model that shows the various combinations of two goods or services that an economy can produce, given its resources and technology, illustrating the concept of opportunity cost.

Unemployment Rate

The percentage of the labor force unemployed at any time.