-Refer to Above Figure to Answer This Question

question 153

Multiple Choice

-Refer to above figure to answer this question.What is the opportunity cost of producing 1 apple in Harmony and in Tranquility?

• A)2 pears in Harmony and 3 pears in Tranquility.
• B)1/2 pear in Harmony and 1/3 pear in Tranquility.
• C)2 pears in Harmony and 1/3 pear in Tranquility.
• D)1/2 pear in Harmony and 3 pears in Tranquility.
• E)3 pears in Harmony and 2 pears in Tranquility.

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Definitions:

Supplier Scoring

A method used to rate and evaluate the performance of suppliers based on various criteria such as delivery time, quality, and cost.

Procurement

The process of finding and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process.

Demand Uncertainty

This refers to the unpredictability of customer demand for products and services, affecting inventory, production, and distribution planning in supply chains.

Supplier's Demand

The quantity of materials or products required by a supplier from upstream suppliers to meet customer orders or production schedules.