Which of the Following Statement Is Correct

question 108

Multiple Choice

Which of the following statement is correct?

• A)The more specialized the business or the greater the relative cost of transporting the product to the customer,the more important proximity to the market is.
• B)The less specialized the business or the greater the relative cost of transporting the product to the customer,the more important proximity to the market is.
• C)The more specialized the business or the greater the relative cost of transporting the product to the customer,the less important proximity to the market is.
• D)None of the above

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Definitions:

Profit-Maximizing

A strategy or approach adopted by firms aiming to make the highest possible profit from their operations, often involving adjustments in production or pricing.

Net Revenue

The total amount of income generated by a business after deducting costs directly associated with making and selling its products.

Investment Project

A project involving the allocation of funds or resources with the expectation of generating financial returns or benefits.

National Income

The total value of all goods and services produced by a country within a specific time period, measuring the economic performance.