In the Gillette Co

question 5

Multiple Choice

In the Gillette Co.example in the textbook,the downside of the sale of Gillette to Procter & Gamble Co.was:

• A) Gillette shareholders lost a great deal of money because the company's stock price dropped 13% in one day.
• B) the CEO of Gillette lost employment.
• C) approximately 6,000 employees of Gillette were fired.
• D) the CEO, other top management, and 10% of the workforce of Gillette lost their jobs.

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Definitions:

Price

The price one must pay to acquire a good or service.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision.

Hamburger

A ground meat patty, often beef, served between two slices of bread or a bun, commonly accompanied by condiments and toppings.

Hot Dog

A cooked sausage, traditionally grilled or steamed, usually served in a sliced bun as a sandwich.