The term that generally identifies a place where an economic transaction occurs is market.
Which of the following terms generally identifies a place where an economic transaction occurs?(1 point)
Responses
manufacturing operation
manufacturing operation
retail store
retail store
market
market
transport network
3 answers
Which of the following is true of manufacturing using mass production?(1 point)
Responses
It focuses on the rapid production of standardized goods.
It focuses on the rapid production of standardized goods.
It focuses on the specialized production of custom goods.
It focuses on the specialized production of custom goods.
Minimizing labor costs always determines the location of mass production facilities.
Minimizing labor costs always determines the location of mass production facilities.
Mass production facilities are always located near sources of the resources needed for production.
Responses
It focuses on the rapid production of standardized goods.
It focuses on the rapid production of standardized goods.
It focuses on the specialized production of custom goods.
It focuses on the specialized production of custom goods.
Minimizing labor costs always determines the location of mass production facilities.
Minimizing labor costs always determines the location of mass production facilities.
Mass production facilities are always located near sources of the resources needed for production.
The statement that is true of manufacturing using mass production is: It focuses on the rapid production of standardized goods.
1 answer