The primary cost of production in a service business is which of the following?
A) Labor
B) Land
C) Building
D) Capital goods
E) All of the above

Question

Quizplus · Accepted Answer

The primary cost of production in a service business is labor, as it involves the time and effort put in by employees to deliver the service. While land, building, and capital goods may also be necessary for the business, they are typically secondary costs compared to labor.

The Primary Cost of Production in a Service Business Is