Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
0 reads0 ratings0 helpful

A person says more production automatically creates more profit. Which important factor is missing?

Answer and explanation

Correct answer: Demand sales cost and storage

The direct answer is B: demand, sales, costs and storage must also be considered. Production means making goods, but profit is not calculated by counting goods alone. Step 1: find whether customers actually want the product. Step 2: check how many units can be sold. Step 3: subtract production and other costs from sales revenue. Step 4: consider storage, because unsold goods occupy space and may spoil, become outdated or require extra money. If production increases without demand, stock may remain unsold and costs may rise, so profit is not automatic. Option A is wrong because building colour has no necessary connection with profit. Option B is correct because demand, sales, costs and storage affect the financial result. Option C is wrong because employee age alone cannot determine profit. Option D is wrong because a product name may help recognition, but it does not guarantee sales or profit. Exam cue: more production is useful only when it matches expected demand and can be sold at a suitable price after costs.

Related tags

Production-MythDemandInventoryMyths About EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

Was this question useful?

No ratings yetWrite a review / Rate this question

Student Reviews

No published reviews yet.

Add Muft Shiksha to your Home Screen

In Safari, tap Share, then Add to Home Screen.