Factors determining the volume of production. - SS1 Commerce Past Questions and Answers - page 1

1

What is one of the factors determining the volume of production?

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A

Demand

B

Supply

C

 Competition

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2

Which factor plays a crucial role in determining the volume of production?

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A

 Resources

B

Market trends

C

Government regulations

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3

What can influence production volume?

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A

Pricing strategies

B

Market competition

C

Technology and efficiency

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4

Which factor is related to the maximum production capacity?

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A

Capacity

B

Market trends

C

Government regulations

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5

What can impact production volume?

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A

Demand

B

Government regulations

C

All of the above

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6

Explain capacity as a factor related to the volume of production.

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7

Explain competitive factors in relation to the volume of production

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