Which of the Following Is an Example of a Factor

question 37

Multiple Choice

Which of the following is an example of a factor that a firm's owners and managers can control in making the firm successful?

• A)the ability to produce the product at a lower cost
• B)changing consumer tastes
• C)a rise in the price of a key input, for example, a rise in the price of oil leads to higher energy costs
• D)the number of competitors in the market

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Definitions:

Creativity

The process of generating innovative ideas and solutions through imaginative thinking and problem-solving.

Memory Performance

The efficiency and accuracy with which an individual can recall or recognize previously learned information.

Learning

Learning is the process of acquiring new understanding, knowledge, behaviors, skills, values, or preferences, often through study, experience, or teaching.

Sleep

A naturally recurring state of mind and body characterized by altered consciousness, relatively inhibited sensory activity, and inhibition of nearly all voluntary muscles.