McKenzie runs a food truck business. Which of these is an example of McKenzie's activity as a supplier in the product market?

Replaces the heating element in the deep fryer
Sells fish and fried potatoes at a music festival
Takes the truck to a mechanic for monthly service
Purchases a yearly permit from the local government

Question

amajaikirksey amajaikirksey

23-06-2022
Business

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McKenzie runs a food truck business. Which of these is an example of McKenzie's activity as a supplier in the product market?

Replaces the heating element in the deep fryer
Sells fish and fried potatoes at a music festival
Takes the truck to a mechanic for monthly service
Purchases a yearly permit from the local government

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Tundexi Tundexi · Answer 1 · 2022-06-24T17:27:23+02:00

An example of McKenzie's activity as a supplier in the product market includes:

Takes the truck to a mechanic for monthly service
Purchases a yearly permit from the local government

What is a product market?

This refers to an economic marketplace where the final goods or services are trade for value.

Hence, the Mckenzie activities includes takes the truck to a mechanic for monthly service and purchases of yearly permit from the local government.

Therefore, the Option C and D is correct.