A Product Line Is Considered to Be Too Short If

question 97

Multiple Choice

A product line is considered to be too short if the manager can ________.

• A)increase profits by dropping items
• B)decrease costs by adding items
• C)increase market share by dropping items
• D)decrease costs by dropping items
• E)increase profits by adding items

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Definitions:

Opportunity Cost

The benefit lost when one decision is made over another, effectively the cost of forgoing the next best alternative.

Park Construction

The process of designing, planning, and building an area of land with recreational facilities, natural elements, and landscaping intended for public use.

Necessary Increase

An essential rise in quantity or capacity required to meet a specific need or to maintain equilibrium.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing the potential benefits missed out on.