Reference: Ref 2-6 (Table: Production Possibilities for Kenya and Sri

question 25

Multiple Choice

Reference: Ref 2-6 (Table: Production Possibilities for Kenya and Sri Lanka) According to the table on Production Possibilities for Kenya and Sri Lanka, Kenya's opportunity cost of producing beans is ________ while Sri Lanka's opportunity cost of producing beans is _________.

• A) 0.5 teas; 0.33 teas
• B) two teas; 0.33 teas
• C) 200 teas; 450 teas
• D) two teas; three teas

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Definitions:

Strategy Canvas

Tool for plotting out the competitive position of a company relative to its competitors, focusing on key success factors and performance indicators.

Customer Perceptions

The way customers view and interpret a company's products, services, and overall brand.

Competitive Factors

Elements that influence a company's competitive position within its industry, including cost structure, product quality, brand reputation, and customer service.

Private-label Brands

Products that are manufactured or provided by one company for offer under another company's brand.