Refer to the Information Provided in Table 33

question 276

Multiple Choice

Refer to the information provided in Table 33.1 below to answer the question(s) that follow.
Table 33.1
-Refer to Table 33.1. Guatemala has

• A) a comparative advantage but not an absolute advantage in orange production.
• B) a comparative advantage but not an absolute advantage in banana production.
• C) an absolute advantage and a comparative advantage in banana production.
• D) an absolute advantage and a comparative advantage in orange production.

Recognize the significance of trial closes in sales presentations.

Comprehend the organizational buying process and its guidelines.

Identify the difference between product advantages, benefits, and features.

Understand the impact of psychological, social, and economic factors on buying behavior.

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Definitions:

Optimal Order

The most efficient or cost-effective quantity of goods to order, taking into account factors such as demand, holding costs, and ordering costs.

Available Capacity

The amount of production capability or service availability that can be provided over a certain period of time.

Multiple Products

The strategy or situation of offering or managing a variety of different products instead of focusing on a single offering.

Postponement

A supply chain strategy that delays product customization or final assembly until customer orders are received, to reduce inventory costs and increase flexibility.