If a Product Is Very Inexpensive to Move from One

question 30

Multiple Choice

If a product is very inexpensive to move from one regional market to another, then the

• A)"law of one price" argues that it will sell for the same price in all markets.
• B)price it sells for in every country will depend on the cost of labour in the single low- cost country in which the product was produced.
• C)absolute cost of producing the product must be the same in all markets.
• D)difference in the price from one market to another will depend on the relative elasticities of demand in the separate markets.
• E)production of the world supply will be from the single country with the lowest absolute cost of producing it.

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Definitions:

Physical Inventories

The process of counting by hand all physical stock items in a company to verify records and reports.

Service Scheduling

The process of organizing, planning, and arranging service delivery times and resources to ensure efficient operation and customer satisfaction.

Manufacturing Scheduling

The process of organizing, planning, and controlling the workflow in a manufacturing operation to optimize production and minimize costs.