A Shirt Company Has Three Designs That Can Be Made

question 7

Multiple Choice

A shirt company has three designs that can be made with either short or long sleeves. There are six colors available. How many different types of shirts are available?

• A)11
• B)18
• C)24
• D)36

Recognize and explain the application of the prisoner's dilemma in real-life situations.

Understand the economic rationale behind and the controversies surrounding resale price maintenance.

Identify business practices that potentially violate antitrust laws, including predatory pricing, tying, and other practices.

Comprehend the impact of market structures, particularly oligopoly, on competition and pricing strategies.

---

Definitions:

Cycle Stocks

Inventory that companies hold to meet normal sales demand, as opposed to inventory held in anticipation of peak demand or for buffering against supply chain uncertainties.

Ordering Cost

The expenses associated with placing and receiving orders for materials, including costs related to paperwork, communication, and transportation.

Inventory

The stock of goods, materials, parts, and products that a business holds to fulfill future sales or production needs.

DRP System

A DRP System, or Distribution Requirements Planning, is a software used in inventory management and logistics planning, focusing on improving the distribution and fulfillment of goods.