Most Unrelated Diversification Efforts Are Not Successful

question 20

True/False

Most unrelated diversification efforts are not successful.

Describe the range of mechanisms animals use to adapt to their thermal environment.

Understand the roles and functions within distribution channels.

Differentiate between transactional, logistical, and facilitating functions.

Recognize the importance of distribution control and costs.

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Definitions:

Normative Economics

The branch of economic analysis that makes prescriptions about the way the economy should work.

Allocatively Efficient

A situation where resources are distributed in a way that maximizes the net benefit to society, often where marginal cost equals marginal benefit.

Productively Efficient

A situation where goods or services are produced at the lowest possible cost, maximizing the allocation of resources.

Opportunity Cost

The drawback of dismissing the next superior alternative during the decision process.