The Table Given Below Shows the Number of Labor Hours

question 3

Multiple Choice

The table given below shows the number of labor hours required to produce 1 gallon of wine and 1 pound of cheese in the U.S. and France. The United States has an absolute advantage in the production of _____. $$\begin{array} { l c c } \hline \text { Labor hours to make: } & \text { In the United States } & \text { In France } \\\hline \text { 1 gallon of wine } & 4.00 & 1.00 \\\text { 1 pourd of cheese } & 1.00 & 2.00 \\\hline\end{array}$$

• A)neither wine nor cheese
• B)only wine
• C)both wine and cheese
• D)only cheese

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Definitions:

Channel Intermediaries

Entities that facilitate the distribution process by moving products from producers to consumers, including wholesalers, retailers, agents, and brokers.

Intensive Distribution

Intensive Distribution is a marketing strategy where a company aims to make its products available in as many outlets as possible, maximizing visibility and accessibility to consumers.

Sales Volume

The total quantity of products or services sold by a company in a specified period, used as an indicator of business performance.

Profit Margin

a financial metric used to assess a company's profitability by dividing net income by net sales.