The mars company's new topeka, kansas, manufacturing plant is the first new facility the company has opened in north america in 35 years. it is a(n): a. advanced factor of production. b. organization architecture. c. basic factor of production. d. distinctive competency

Based on the description above, it is considered to be a basic factor of production which is letter C. Basic factor of production are being divided into four categories which are capital, entrepreneurship, labor and land. The basic factor of production is important in order to produce goods and services that the company is entitled to do.

The option C is correct. The mars company’s new Topeka, Kansas manufacturing plant is the first new facility the company has opened in North America in 35 years. It is a basic factor of production.  

Further Explanation:

The factor of production means the necessary inputs required to produce the goods. The basic factor of production includes the land, labor, and capital. The company is producing a new facility for the first time. Therefore, it is taken into consideration as the basic factor of production.  

Justification for the correct and incorrect

A.

The advanced factor of production: This option is incorrect.  

The advanced factor of production means the resources and can be used to get the specialization. This is not the correct option.  

B.

Organization architecture: This option is incorrect.  

There is no change in the organization's architecture. As the company is creating a new facility, it does not change the architecture of the organization.

C.

The basic factor of production: This option is correct.

Without the use of the factor of production, the producer may not able to produce the goods. The basic factor production is used to produce the goods.  

D.

Distinctive competency: This option is incorrect.

It is not a distinctive competency. The company makes this facility, it becomes the distinctive competency when all the company is manufacturing this new facility.  

Learn more:

1.Learn more about goods production

2.Learn more about the position in the organization

3.Learn more about organizational structure

Answer details:

Grade: Middle School

Subject: Economics

Chapter: Factors of production

Keywords:

Mars company, Topeka, Kansas, factor of production, basic, advanced factor of production, North America, distinctive competency,  inputs, company, new facility.  

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