For organisations to remain competitive, they need to think carefully about which raw materials they will use to produce their goods or services, because:
A) the increasing scarcity of non-renewable resources is making them more expensive, and will force businesses to increase the prices of their products or services.
B) renewable resources are of a higher quality than non-renewable resources.
C) there will be greater availability of non-renewable resources than renewable resources in the longer term.
D) organisations using renewable resources can obtain them at a lower price.
E) All of these responses are correct.

Question

Quizplus · Accepted Answer

The increasing scarcity of non-renewable resources like oil, gas, and minerals has made them more expensive. As a result, businesses that rely on these resources may have to increase the prices of their products or services, which could make them less competitive in the long run. Therefore, it is important for organisations to consider alternative raw materials that are renewable and more abundant, which can help them remain competitive in the market.

For Organisations to Remain Competitive, They Need to Think Carefully