Which of the following is a factor of production for a firm?
A)Advertising media
B)Legal consultants
C)Customers
D)Natural resources
E)Company reputation

Question

Quizplus · Accepted Answer

Natural resources are considered a factor of production as they are fundamental inputs used in the production of goods and services. Factors of production include land (natural resources), labor, capital, and entrepreneurship.

Which of the Following Is a Factor of Production for a Firm