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As a business owner, Laura recognizes she needs to be knowledgeable about both her particular business as well as the market and economic data surrounding her business. Because of this, Laura has worked hard to develop a specialized knowledge and expertise about her business over the years, utilizing the factor of production known as:(1 point)
Responses
natural resources.
natural resources.
labor.
labor.
entrepreneurship.
entrepreneurship.
information resources.
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information resources.
Developing specialized knowledge about the business and market is using information resources (human knowledge/information as a factor of production).
Developing specialized knowledge about the business and market is using information resources (human knowledge/information as a factor of production).
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