The Primary Cost of Production in a Service Business Is

question 50

Multiple Choice

The primary cost of production in a service business is which of the following?

• A) Labor
• B) Land
• C) Building
• D) Capital goods
• E) All of the above

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Definitions:

Small Business

An independently owned and operated company that is limited in size and revenue depending on the industry.

Existential Import

The implication that a statement or proposition presupposes the existence of certain entities it refers to, affecting its truth value.

Unpopular Things

Items, ideas, or practices that are not widely accepted, liked, or used by the majority of people.

High Quality

A characteristic of products, services, or experiences that exceed standard expectations in terms of excellence, durability, or performance.