Over 80% of Customers View Packaging as ____

question 4

Multiple Choice

Over 80% of customers view packaging as ____.

• A) irrelevant to the purchase decision
• B) one of the least important logistics activities
• C) deceptive
• D) a major environmental issue

Recognize the social costs associated with pollution as part of negative externalities.

Understand the concept of technology spillover and its classification as an externality.

Distinguish between command-and-control and market-based policies for correcting externalities.

Understand the implications of corrective taxes and subsidies on economic efficiency and government revenue.

---

Definitions:

Resources Allocation

It involves distributing available resources among various competing needs or projects in order to achieve desired objectives or optimize outcomes.

Paradox of Voting

The situation where the cost of voting (time, effort) exceeds the apparent personal benefits, yet people still vote.

Majority Voting

A decision-making process where the option that receives more than half of the votes is chosen.

Economic Efficiency

A level of performance in which no more goods or services can be produced without increasing the amount of inputs or resources used, indicating an optimal allocation of resources.