The Risk of Being the Lower-Cost Producer of a Good

question 121

Multiple Choice

The risk of being the lower-cost producer of a good or service is:

• A)your business will fail more quickly.
• B)your business will generate excess cash and will incur higher taxes.
• C)your business will have problems keeping up with demand.
• D)customers will abandon your business when someone else offers a lower price.

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Definitions:

Mindfulness

A state of mind attained by directing attention to the current moment, peacefully recognizing and accepting one's emotions, thoughts, and physical sensations.

Present Moment

The current point in time, often emphasized in mindfulness practices as a focus for awareness and engagement, free from distraction by past or future concerns.

Stressors

Factors, events, or conditions that cause stress or tension.

Performance

The extent to which an organizational member contributes to achieving the objectives of the organization.