Refer to the Information Provided in Figure 8

question 177

Multiple Choice

Refer to the information provided in Figure 8.1 below to answer the question(s) that follow. Figure 8.1
-Refer to Figure 8.1 above. If Cyndyʹs Floral Arrangements produces 100 silk flower arrangements, the average fixed costs are

• A) $0.10.
• B) $10.
• C) $1,000.
• D) There is not enough information in the graph to answer this question.

---

Definitions:

Market Description

An overview or summary that outlines the characteristics and dynamics of a specific market, including potential customers and competitors.

Diversification

A strategy of investing in a variety of assets to reduce risks associated with any single investment.

SWOT Analysis

A strategic planning tool that assesses the Strengths, Weaknesses, Opportunities, and Threats related to a business or project.

External Consideration

The evaluation of external factors or circumstances that might affect decisions, actions, or outcomes.