Which of the Following Events Would Cause a Movement Upward

question 42

Multiple Choice

Which of the following events would cause a movement upward and to the right along the supply curve for mangos?

• A)The number of sellers of mangos increases.
• B)There is an advance in technology that reduces the cost of producing mangos.
• C)The price of fertilizer decreases,and fertilizer is an input in the production of mangos.
• D)The price of mangos rises.

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Definitions:

Managerial Objectives

Goals or aims that managers seek to achieve in order to fulfill their roles and contribute to the organization's success.

External Environment

The surroundings outside an organization or system that influence its operations and outcomes.

Strategy Formulation

The process of developing strategies to achieve organizational goals based on analysis of internal and external environments.

Organizational Structure

The manner in which an organization divides its labor into specific tasks and achieves coordination among these tasks.