_____ is the ability to produce a certain quantity and quality of specific goods or services.
A) Economies of scope
B) Production capacity
C) Production possibility curve
D) Economies of scale
E) Marketing capability

Question

Quizplus · Accepted Answer

Production capacity refers to the ability to produce a specific quantity and quality of goods or services. Economies of scope and economies of scale relate to the efficiency of production, while a production possibility curve is a graphical representation of the trade-offs between producing two goods. Marketing capability refers to the ability to effectively promote and sell goods or services, which is related to production capacity but not synonymous with it.

_____ Is the Ability to Produce a Certain Quantity and Quality