Ariel Is Shopping for a Laptop

question 603

Multiple Choice

Ariel is shopping for a laptop.He's having trouble deciding among between three options that all have good reviews and fall within his budget.How can Ariel compare the performance potential for each of his top three options?

• A) Buy all three, use them for a little while, and then return two of them.
• B) Ask the manufacturers for information about which one is best.
• C) Check with a salesperson at a local retail store.
• D) Check benchmarking information online.

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Definitions:

Firms

Business organizations or entities engaged in commercial, industrial, or professional activities, aiming to generate profits through the provision of goods or services.

Workers

Individuals engaged in any form of economic activity to earn wages or salary.

Market Wage

The prevailing rate of pay for work in a particular field or occupation in the competitive market.

Profit Maximizing

The process of increasing the difference between total revenue and total cost to achieve the highest possible profit.