Read the following scenario. A clothing company wants to expand into new regions. It is looking at an urban area with very few vacant warehouses. The population is made up of people with average educations and a lower standard of living. The company is experiencing slower sales but has hopes that product will take off and be successful. Which of the factors of production will the company need to address most closely when making its decision to expand?
A) land
B) capital
C) land and labor
D) labor and capital

Capital refers to the finances that they will need to further the business but it also refers to the goods that they will need inorder to produce more goods in the future as they expand the business.

It is important to know that they have enough funds to expand the business because if they don't have enough to finance this expansion they may lose even what they have which will not be beneficial.

So much is needed when one is expanding the business and it all requires financial input so it is crucial that they know that their finances are in good state and so are their goods.

jacobthiebert jacobthiebert · Answer 2 · 2020-02-26T08:41:12+01:00

jacobthiebert jacobthiebert

26-02-2020

Answer:

The answer is B

Explanation:

just took the quiz on edg 2020

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