The Inputs That a Manager Uses to Alter Production Are

question 9

Multiple Choice

The inputs that a manager uses to alter production are referred to as:

• A) variable factors.
• B) long-run factors.
• C) fixed factors.
• D) All of the preceding statements are correct.

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Definitions:

Create

To bring something into existence; to generate or produce an idea, product, or solution.

Razor-And-Razor-Blade

A business model where a company sells a durable product at a low price (razor) and then sells consumable products that are needed to use the initial product (razor blades) at a higher margin.

Printer-And-Ink

A common business model in the printing industry where printers are sold at a low cost and the recurring revenue is generated through the sales of ink cartridges.

Ubiquitous

Present, appearing, or found everywhere; often used to describe technology or phenomena that are widespread and common in daily life.