Internal Factors Have an Impact on Store Atmosphere

question 85

Multiple Choice

Internal factors have an impact on store atmosphere. These internal factors include _______.

• A)colour
• B)sound
• C)store lighting
• D)all of the above are internal factors

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Definitions:

Returns To Scale

The speed at which production levels rise in reaction to an equal rise in all resources, including labor and capital.

Marginal Product

The extra output or benefit received from using one additional unit of a resource.

Factor X

A term used to denote an unknown or unspecified factor in various contexts, such as productivity, growth, or other economic models.

Perfect Substitutes

Goods that can be completely replaced by another with no loss of utility to the consumer.