Which of the following limited resources must businesses consider when determining the best allocation of its resources and making trade-off decisions?(1 point)

Question

Responses

profit
profit

consumer preferences
consumer preferences

attention
attention

labor

Answer 1

When determining the best allocation of resources and making trade-off decisions, businesses must consider labor among the limited resources listed. Labor is essential as it directly affects productivity and the capacity to meet consumer demands. However, the other options like profit, consumer preferences, and attention can also influence decisions, but they are not typically classified as limited resources in the same way that labor is.