To Compete in the Automobile Market,Tesla Must Make Many Strategic

question 46

Multiple Choice

To compete in the automobile market,Tesla must make many strategic decisions such as whether to introduce a new car model,how to sell and service its cars,and where to advertise.At Tesla's Fremont,California plant,managers must decide on the monthly production quantities of their S and X models.In making this decision,the managers

• A)face no trade-off because the Fremont plant only produces these two models of the many Tesla models produced worldwide.
• B)face a trade-off,because producing more of one model means producing less of the other.
• C)will choose to only produce the quantity of S and X models where marginal cost equals zero.
• D)will always decide on production quantities in which revenues are maximized.

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Definitions:

Sense of Meaning

involves the personal significance or value that individuals attach to their lives, actions, or experiences, often contributing to their overall well-being.

Risky Behavior

Engaging in actions that can potentially harm oneself or others, often without acknowledging the possible negative consequences.

Encouraging Hope

Encouraging hope refers to the psychological support strategy aimed at fostering a sense of expectancy and optimism in individuals or groups facing challenges.

Decision Making

The cognitive process of selecting a course of action from multiple alternatives.