In a free market economy, the factor market involves which type of exchange?
a. firms loan money to households to purchase capital.
b. households purchase factors of production from firms.
c. the goods and services that households produce are purchased by firms.
d. firms purchase factors of production from households.

Which type of data does your company collect from customers or potential customers? a. positioning datab. market share datac. primary datad. secondary data select the best answer from the choices provided

Which of the following statements concerning an organization's strategy is true? a. cost accountants formulate strategy in an organization since they have more inputs about costs. b. businesses usually follow one of two broad strategies: offering a quality product at a high price, or offering a unique product or service priced lower than the competition. c. a good strategy will always overcome poor implementation. d. strategy specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives.

Money from an allowance or job is known as .