Which of the Following Is Among the Eight Determinants of Revenue

question 12

Multiple Choice

Which of the following is among the eight determinants of revenue and volume for a service firm?

• A)uniqueness of the firm's and the competitors' locations
• B)quality of the competition
• C)quality of management
• D)purchasing power of the customer-drawing area
• E)all of the above

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Definitions:

Lenz's Law

A principle in electromagnetism stating that induced currents will flow in a direction that opposes the change causing them.

Polarity

The characteristic of having two opposed attributes or poles, commonly used in reference to the direction of electrical current or magnetism.

Ohm's Law

A fundamental principle in electrical engineering that states the current through a conductor between two points is directly proportional to the voltage across the two points and inversely proportional to the resistance.

Resistive Circuit

A type of electrical circuit that consists solely of resistors and obeys Ohm's Law, designed for applications where resistance is the primary concern.