Erik, the CEO of Indigo Inc

question 35

Multiple Choice

Erik, the CEO of Indigo Inc.wants to improve the efficiency and effectiveness of his company.In order to do this, he lists out the assets of Indigo and the knowledge that the company has acquired over the years.Erik also analyzes the company's processes and its overall culture.The factor of production that Erik is studying can be best categorized as:

• A) capabilities.
• B) resources.
• C) attributes.
• D) priorities.

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Definitions:

Units

Basic quantities or measurements, such as pieces or liters, used to quantify the amount of a product or substance.

Marginal Revenue Product

The additional revenue generated by employing one more unit of input, such as labor, in the production process.

Resource

An input used in the production of goods or services, such as labor, land, capital, and technology.

Units

A standard quantity or measurement used to express the quantity of a product or dimension of a measure.