An organization which employs resources to produce a good or service for profit and own and operates one or more plants is called_______________?

Related Mcqs:

A physical establishment which performs one or more functions in production, fabrication and distribution of goods and services ?

A. Plant B. Firm C. Factory D. None...

Allocative efficiency is__________________?

A. Producing all output combinations in least costly way B. Producing the specific output mix most desired by society C. Producing the desired things D. None...

Employment available resources so that the maximum amount of goods and services is produced?

A. Large scale production B. Full production C. Fringe benefits D. None...

The process of improving the quality of all human lives including sustenance, self esteem and freedom________________?

A. Growth B. Economic growth C. Development D. All...

An industry in which economics profits are negative and which will, therefore, decrease its output as firms leave it ?

A. Increasing cost industry B. Decreasing cost industry C. Declining industry D. None of these...