All categories

4 years ago

Question 8 of 10

Business

1 answer:

kykrilka [37]4 years ago

7 0

Answer:

c. Labor

Explanation:

There are four factors of production. They include labor, land, capital, and entrepreneurship. These factors of production are also known as inputs in the manufacturing process. They represent the essential requirement for production.

From the list provided, labor is an essential commodity. It is among the factors of production. Labor refers to the human contribution in production through their skills, energy, and experience. It is the human input or the work done by human beings. The reward for labor service is the wages and salaries paid to workers.

You might be interested in

One of the most important in-store factors is the salesperson. This influence can be understood in terms of ________ theory, whi

amm1812

Option (b), The salesperson is one of the most crucial in-store elements. The exchange theory, which emphasizes that each participant provides to the other and anticipates receiving something in return, can be used to explain this influence.

<h3>What does exchange theory actually mean?</h3>

According to the social exchange hypothesis, two people's relationships grow as a result of a process of cost-benefit analysis. In other words, it's a statistic designed to measure the amount of effort a person expends during a face-to-face conversation.

<h3>What are the basic tenets of the exchange theory?</h3>

The basic tenet of the theory of social trade is the concept of costs and benefits. This suggests that people's decisions and behaviors are influenced by their estimations of cost and reward. Costs are the unfavorable outcomes of a decision, including time, money, and energy. Social interactions produce benefits, which are rewards.

Learn more about exchange theory: brainly.com/question/29611150

#SPJ4

6 0

1 year ago

Four roommates are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to watch

netineya [11]

More to the question?

4 0

4 years ago

In functions of business, what is an example of management?

love history [14]

The four primary functions of managers are planning, organizing, leading, and controlling. By using the four functions, managers work to increase the efficiency and effectiveness of their employees, processes, projects, and organizations as a whole.

4 0

3 years ago

A company wants to market different types of shampoo using color-coded bottles, lids, and label print. It has four different col

Oxana [17]

Answer: 40 types

Explanation:

From the question, we are informed that a company wants to market different types of shampoo using color-coded bottles, lids, and label print and that the company has four different colors of lids, five different colors of bottles, and two different colors of print for the label available.

To calculate the different types of shampoo that the company can package, we use the multiplication principle. This will be:

= 4 × 5 × 2

= 40 types

7 0

3 years ago

The marginal benefit of another T-shirt this month to Mary is $15. If the $10 price of a T-shirt reflects its marginal cost to M

DaniilM [7]

Answer:

The correct answer is option d.

Explanation:

The marginal benefit of another T-shirt is $15. The price of the T-shirt is $10.

The marginal cost is equal to the price, so it is also $10.

The marginal benefit earned from the T-shirt is greater than the marginal cost incurred on a T-shirt.

According to economic reasoning, it is profitable to buy another T-shirt. So, Mary will buy another T-shirt this month.

5 0

4 years ago