The inputs that a manager uses to alter production are referred to as:
A) variable factors.
B) long-run factors.
C) fixed factors.
D) All of the preceding statements are correct.

Question

Quizplus · Accepted Answer

Variable factors refer to inputs that can be easily changed or varied by a manager in order to alter the production of goods or services. These can include things like labor, raw materials, and energy. Long-run factors and fixed factors are not typically used to alter production in the short-term.

The Inputs That a Manager Uses to Alter Production Are