When planning their budget, the managers of a knowledge-intensive firm should realize that their largest expenditures will most likely be in what area?
A)Production costs
B)Marketing costs
C)Labor costs
D)Distribution costs

Question

Quizplus · Accepted Answer

Labor costs are typically the largest expenditures for knowledge-intensive firms, as they rely heavily on skilled employees to produce and deliver their products or services. These employees often command higher salaries and benefits packages than other industries, such as manufacturing or retail.

When Planning Their Budget, the Managers of a Knowledge-Intensive Firm