A Move from an Inefficient Resource Allocation to an Efficient

question 6

Multiple Choice

A move from an inefficient resource allocation to an efficient one:

• A)will always be unanimously approved, even if gainers do not compensate losers.
• B)will be unanimously opposed.
• C)will be unanimously approved if gainers compensate losers.
• D)can never result in losers.

Grasp the elements essential for the formation of a valid contract including offer, acceptance, and consideration.

Understand the concept of customer value and its relevance in the marketing process.

Comprehend the composition and importance of the supply chain in delivering value.

Recognize the different stages in the evolution of marketing and their characteristics.

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