Which of the following must a firm in a market economy do today to succeed?
A) Produce the goods and services that consumers want at a lower cost than consumers themselves can produce.
B) Organize the factors of production into a functioning, efficient unit.
C) Have access to sufficient funds.
D) Market firms today must do all of these things.
Correct Answer:
Verified
Q10: How do a sole proprietorship and a
Q11: Who controls a sole proprietorship?
A)stockholders
B)bondholders
C)the owner
D)all of
Q12: The owners of a _ have a
Q13: A corporation is the type of business
Q14: Which of the following is an advantage
Q16: Over ninety-five percent of all new businesses
Q17: As a form of business, a partnership
A)has
Q18: A corporation is owned by its
A)board of
Q19: A sole proprietorship is
A)the easiest type of
Q20: Unlike firms that sell stock in financial
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