Question

Which of the following limited resources must be businesses condier when determining the best allocation of its resources and making trade-off decisions?

A. consumer preferences
B. attention
C. labor
D. profit

Answer 1

When determining the best allocation of resources and making trade-off decisions, businesses must particularly consider **C. labor**. Labor is a limited resource that directly impacts production capabilities and operational efficiency. While consumer preferences, attention, and profit are important factors in decision-making, they are not considered limited resources in the same way that labor is.