When Determining Your Cost Structure,which of the Following Questions Is

question 52

Multiple Choice

When determining your cost structure,which of the following questions is among those you should ask yourself?

• A)How do I establish and maintain relationships with customers?
• B)How much are my customers willing to pay?
• C)What activities can be outsourced?
• D)What resources are the most expensive to get?

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Definitions:

False Consensus Effect

A cognitive bias whereby people overestimate the degree to which their beliefs, opinions, preferences, values, and habits are normal and typical of those of others.

False Uniqueness Effect

The tendency of people to underestimate the commonality of their abilities and desirable or successful behaviors.

Base Rate Information

Statistical data that represents the general probability of an event or characteristic within a population.

False Consensus

The belief that one's own opinions, beliefs, or behaviors are more common in the general population than they actually are.