As a business owner Laura recognizes she needs to be knowledgeable about both her particular business as well as the market and economic status surrounding her business because of this lore has worked hard to develop a specialized knowledge and expertise about her business over the years utilizing utilizing the factor of production known as

Question

As a business owner Laura recognizes she needs to be knowledgeable about both her particular business as well as the market and economic status surrounding her business because of this lore has worked hard to develop a specialized knowledge and expertise about her business over the years utilizing utilizing the factor of production known as
A. entrepreneurship
B. information resources 
C. natural resources 
D. labor

GPT-4o mini · Answer

Laura's efforts to develop specialized knowledge and expertise about her business reflect her role as a decision-maker and innovator within her company, which aligns with the concept of A. entrepreneurship.

Entrepreneurship involves taking initiative, managing resources, and being knowledgeable about various aspects of the business environment, including market and economic conditions. Therefore, the correct answer is: A. entrepreneurship.