Which of the Following Products Is Most Likely to Have

question 130

Multiple Choice

Which of the following products is most likely to have a long distribution channel?

• A)Oil rig
• B)Jet engine
• C)Farm produce
• D)Office stationery

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Definitions:

Marginal Cost

The increase or decrease in the total cost that arises from producing one additional unit of a product or service.

Fixed Cost

Expenses that do not change with the level of goods or services produced by a business, such as rent, salaries, and insurance.

Variable

An element, feature, or factor that is liable to vary or change, often used in the context of experiments or mathematical models.

Output

The total amount of goods and services produced by an economy, company, or sector.